Hydro One Fixed Rates

Here are some of the most commonly asked questions about electricity suppliers.

Hydro one fixed rates. Electricity rates and charges vary by customer segment. Tou pricing reflects the cost of producing electricity at different times of day based on demand. Tou pricing has three periods. Back in march it was announced that the price of hydro would drop down to 101 cents per kilowatt hour at all times of the day.

The fixed price is higher than the winter off peak price which stood at 101 per kilowatt hour. Under the governments covid 19 pricing plan hydro rates were fixed at 101 cents per kilowatt hour of electricity for time of use customers regardless of the time of day. However it is lower than the mid peak rate. On peak when energy demand and cost is high mid peak when energy demand and cost is moderate and off peak when energy demand and cost is low.

1 electricity charges are subject to a cost adjustment for line losses. Since june 1 2020 residential and small business customers on tou have been paying a fixed electricity price of 128 kwh for all hours of the day as part of the governments response to the covid 19 pandemic. Move to fixed distribution rates. Time of use tou the majority of our customers pay time of use tou prices.

The fixed price will be in place from june 1 to oct. Electricity retail companies may be knocking on your door asking you to sign up for a fixed electricity rate as well as other products and services. If youre a residential or small business customer that pays tou prices you can now choose to switch to tiered prices. Residential customers who live in the former service area of woodstock hydro 5 years 2016 20 residential customers with an urban high density 6 years 2016 21 residential customers with a medium density 9 years 2016 24.

These companies are not affiliated with toronto hydro. Since june 1 2020 customers on time of use tou paid a fixed electricity price of 128 kwh for all hours of the day the covid 19 recovery rate which the government of ontario put in place as part of its relief response. Customers who use less than 150000 kwh of electricity a year will have this cost adjustment included in their delivery charge. Wholesale market service rate includes capacity based recovery adjusted usage kwh 034.

The ontario energy board is changing how distribution rates will be billed for all residential and seasonal customers over the next three to seven years. The reason for transitioning to fixed rates.