Electricity Commodity Charge
Regulated Price Plan – Time of Use and Ultra-Low Overnight
With TOU and ULO, the price depends on when you use electricity. This means you can help manage your electricity costs by shifting your usage to lower price periods when possible.
TOU price periods and the Tier threshold for residential customers change with the season and are different during the winter (November 1 – April 30) and summer (May 1 – October 31). ULO price periods are the same all year round.
Tiered Price Plan
With Tiered prices, you can use a certain amount of electricity each month at a lower price. Once that limit (called a threshold) is exceeded, a higher price applies. For residential customers, the threshold changes with the season to reflect changing usage patterns – for example, there are fewer hours of daylight in the winter and some customers use electric heating.
In the winter period (November 1 – April 30), the Tier threshold for residential customers is 1,000 kWh, so that households can use more power at the lower price. In the summer period (May 1 – October 31), the Tier threshold for residential customers is 600 kWh. The Tier threshold for small business customers is 750 kWh all year round.
Tiered prices give you the flexibility to use electricity at any time of day at the same price, although that price will change if you exceed the threshold during the month.
Spot Market Pricing
Customers not on TOU prices are typically larger commercial accounts and the electricity cost is based on the either the hourly spot market price if you have an interval meter, or the weighted average spot market price if you have a conventional meter.
Retail Contracts
If you signed a contract with a Retailer, the price you pay for electricity is set out in your contract and you are considered a ‘non-RPP’ customer. You will also have to pay your share of the Global Adjustment for each month.
Global Adjustment
This is shown on your bill as a separate item, calculated by the Independent Electricity System Operator each month. It can be either a credit or a charge depending on the changing market price; however, since 2006 it has generally been a charge.
The Global Adjustment reflects the differences between the market price of electricity and the regulated or contract prices that are paid to generators for the electricity they produce. For more information on Global Adjustment please visit www.ieso.ca
http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/Electricity+Prices/Regulated+Price+Plan+Settlement+FAQs
Holiday Schedule
The following days will have off-peak pricing:
- Wednesday, December 25, 2024 – Christmas Day
- Thursday, December 26, 2024 – Boxing Day
- Wednesday, January 1, 2025 – New Year’s Day
- Monday, February 17, 2025 – Family Day
- Friday, April 18, 2025 – Good Friday
- Monday, May 19, 2025 – Victoria Day
- Tuesday, July 1, 2025 – Canada Day
- Monday, August 4, 2025 – Civic Holiday
- Monday, September 1, 2025 – Labour Day
- Monday, October 13, 2025 – Thanksgiving Day
- Thursday, December 25, 2025 – Christmas Day
- Friday, December 26, 2025 – Boxing Day
- Thursday, January 1, 2026 – New Year’s Day