Types of Electricity Rates

For customers that buy electricity from their utility, there are two different types of rates. The Ontario Energy Board sets both of these rates twice per year in May and November and adjust as required.

• Time-of-use - Most residential and small business customers are charged using time-of-use rates, where the rate depends on when you use electricity. Find out more about time-of-use rates and managing your electricity costs.
• Tiered - A very small number of customers are still paying tiered rates, where a customer uses a certain amount of energy each month at a lower rate. Once you exceed that limit, the rate goes up. Read more about tiered rates.

Time of Use

Tiered

Retail Contracts

Customers that purchase their electricity from a licensed retailer the rates are set in the individual customer contracts. The OEB does not set these rates.