Commercial Electricity Rates

Residential and small business customers can choose between a Time-of-Use (TOU) or Tiered pricing structure as of November 1, 2020.

With TOU the day is divided into 3 price periods: off-peak, mid-peak, and on-peak, and the price you pay depends on when you use electricity. With Tiered prices, you can use a certain amount of electricity each month at a lower price. Once that limit is exceeded, a higher price applies.

For customers already on TOU who wish to continue being billed with the TOU pricing no action is required.

For more information: oeb.ca/choice

Forms to change from Time-of-Use to tiered pricing are available here: or Download PDF

Tiered Price

A small number of customers are on the pricing system, known as Tiered Pricing. The charges for these customers, effective November 1, 2022 – April 30, 2023, are:

Up to 750 kWh per month	$/kWh	0.087
Consumption beyond 750 kWh	$/kWh	0.103

General Service customers with consumption in excess of 250,000 kWh are subject to hourly electricity pricing. Customers with an interval meter pays the hourly spot price; customers who do not have an interval meter pay the weighted wholesale price. In addition, a customer on hourly electricity pricing has a separate line item on their bill called global adjustment. For more information on electricity pricing please refer to the IESO website at www.ieso.ca.