On November 1, 2024, new electricity prices take effect for customers on the Time-of-Use (TOU), Ultra-Low Overnight (ULO) and Tiered price plans. In addition, winter Time-of-Use (TOU) hours and the change in threshold for residential customers on Tiered pricing will also take effect. The Ontario government’s Ontario Electricity Rebate (OER) will also change to 13.1%.
Time of Use
The table below shows the TOU prices set by the OEB for November 1, 2024, and the hours to which those prices apply:
| Winter TOU Price Periods | November 1, 2024 TOU Prices |
|---|---|
| Off-Peak Weekdays 7 p.m. – 7 a.m., all day weekends and holidays | 7.6 ¢/kWh |
| Mid-Peak Weekdays 11 a.m. – 5 p.m. | 12.2 ¢/kWh |
| On-Peak Weekdays 7 a.m. – 11 a.m. and 5 p.m. – 7 p.m. | 15.8 ¢/kWh |
Tiered
The Table below shows the prices for customers on the Tiered price plan as well as the kilowatt-hour thresholds. The seasonal change in the threshold for residential customers provides for an additional 400 kWh/month at the lower price in the Winter:
| Winter Tier Thresholds | November 1, 2024 Tiered Prices | |
|---|---|---|
| Tier 1 | Residential – first 1,000 kWh/month Non-residential – first 750 kWh/month | 9.3 ¢/kWh |
| Tier 2 | Residential – for electricity used above 1,000 kWh/month Non-residential – for electricity used above 750 kWh/month | 11.0 ¢/kWh |
Ultra Low Overnight (ULO)
The Table below shows the prices for customers on the Ultra Low Overnight (ULO) price plan and the hours to which those prices apply:
| ULO Price Periods (Year-round) | November 1, 2024 ULO Prices |
|---|---|
| ULO Ultra-Low Overnight Every day 11 p.m. – 7 a.m. | 2.8 ¢/kWh |
| ULO Weekend Off-Peak Weekends and holidays 7 a.m. – 11 p.m. | 7.6 ¢/kWh |
| ULO Mid-Peak Weekdays 7 a.m. – 4 p.m. and 9 p.m. – 11 p.m. | 12.2 ¢/kWh |
| ULO On-Peak Weekdays 4 p.m. – 9 p.m. | 28.4 ¢/kWh |
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