Electricity Rates

Not sure which price plan you're currently on? Check the Electricity section of your bill or log in to MyAccount to see whether you're billed under Time-of-Use (TOU), Ultra-Low Overnight (ULO), or Tiered pricing.

Understanding how much electricity your business uses can help you compare your pricing options.

Review your recent electricity usage through MyAccount and consider whether your consumption is relatively consistent or changes significantly throughout the day, week or year.

You can also use the Ontario Energy Board's Bill Calculator to compare how different price plans may affect your electricity costs based on your usage.

Think about when your business uses the most electricity.

Businesses that operate primarily during weekday daytime hours may have different electricity-use patterns than businesses that operate during evenings, overnight or on weekends.

Consider when equipment, lighting, heating and cooling, EV charging or other electricity-intensive activities are typically in use and whether any of that usage can be shifted to lower-priced periods.

TOU and ULO prices change depending on the time of day and day of the week, while Tiered pricing is based on the amount of electricity used each month.

If your business can shift some electricity use to evenings, weekends or overnight periods, consider how that may affect which price plan works best for your operations.

Remember that electricity use may also change seasonally depending on your business's heating, cooling, lighting or equipment needs.

Under Tiered pricing, eligible small business customers pay the Tier 1 price for the first 750 kWh of electricity used each month. Electricity used above 750 kWh is charged at the Tier 2 price.

Unlike residential Tiered thresholds, the small business threshold is 750 kWh per month year-round.

Your total electricity use is important when considering whether Tiered pricing may suit your business.