Time-of-Use or Tiered Electricity Prices?  You Now Have a Choice

If you’re a residential or small business customer that pays Time-of-Use (TOU) electricity prices, you now have a choice. You can contact your electricity utility and opt-out of TOU and pay Tiered prices instead, choosing the price plan that’s right for how you consume electricity.

With TOU, the price you pay depends on when you use electricity whereas with tiered prices, you use a certain amount of electricity each month at a fixed price anytime of the day. Once you exceed that limit, a higher price applies. If you want to continue paying TOU prices, no action is required. If you’re considering a switch to Tiered prices, get a price comparison using the OEB’s online bill calculator at www.oeb.ca/calculator.