Residential Electricity Rates

Tuesday 4:47PM

Currently Mid-Peak

7 PM - 7 AM
Off-Peak
7.4¢/kWh
11 AM - 5 PM
Mid-Peak
10.2¢/kWh
7 AM-11 AM • 5 PM-7 PM
On-Peak
15.1¢/kWh

2023 Holiday Schedule When Off-Peak Prices Are in Effect.

Electricity used on weekends and holidays is charged the off-peak price during both the Winter and Summer periods.

Monday, January 2 - New Year’s Day Stat Holiday Monday, February 20 - Family Day
Friday, April 7 - Good Friday Monday, May 22 - Victoria Day
Saturday, July 1 - Canada Day Monday, August 7 - Civic Holiday
Monday, September 4 - Labour Day Monday, October 9 - Thanksgiving Day
Monday, December 25 - Christmas Day Tuesday, December 26 - Boxing Day

 

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

 

Winter Tiered Price

The charges for these customers, effective November 1, 2022 – April 30, 2023, are:

Up to 1000 kWh per month

$/kWh

0.087

Consumption beyond 1000 kWh

$/kWh

0.103

 

Retailer Contract Customers

Any customer with a retailer contract pays the commodity price according to retailer contract. In addition, customers with a retailer have a separate line item called the Global Adjustment that appears on their bill.

Wholesale Electricity Price

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.

 

Tariff of Rates and Charges

Rates & Charges Effective January 1, 2023

Previous Years

2022

2021

2020

2019

 

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More Ways to Pay Your Bill

Festival Hydro offers a variety of payment options that you can choose from.

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Customer Asisstance Programs

Need some help keeping up with your utility bill? Festival Hydro has assistance programs available for eligible customers.

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Energy Conservation

Decreasing your electricity usage could decrease the amount you pay each month!