About Time-of-Use
Most residential and small business customers have a smart meter and pay Time‐of-Use (TOU) rates for electricity. There are three TOU price periods: On-peak, Mid-peak, and Off-peak. TOU price periods change twice a year in summer (May 1 to October 31) and in winter (November 1 to April 30).
The electricity you use from 7 p.m. to 7 a.m. every day, and all day on weekends and holidays, is the lowest TOU price all year round. With TOU pricing, you can help manage your electricity costs by shifting your usage to lower price periods when possible.
TOU rates are set by the Ontario Energy Board.
- For Time-of-Use Pricing, Tiered Pricing, and Ultra-Low Overnight Pricing, Alectra Utilities passes this cost through to you, without mark-up, and pays it directly to our suppliers.
- Customers who have signed a contract with an energy retailer pay the price stated in their contract plus the Global Adjustment.
Current TOU Rates
November 01, 2023 - April 30, 2024
TOU On-Peak
18.2 ¢/kWh
TOU Mid-Peak
12.2 ¢/kWh
TOU Off-Peak
8.7 ¢/kWh
(November 1 - April 30)
(ALL YEAR)
Residential and Small Business customers can choose from three pricing options: Time-of-Use Pricing, Tiered Pricing, or Ultra-Low Overnight Pricing.
You can find more information on how to Choose Your Rate Option to help you make an informed choice about which electricity price plan is right for you.
Find more historical electricity prices at the Ontario Energy Board.