Hydro One Flat Rate Option

Electricity prices in energy contracts.

Hydro one flat rate option. Residential customers have the choice to be billed on time of use or tiered rates. A 6050 credit for rural or remote rate protection has been applied to the distribution flat charge. This change does not require customers on time of use prices to take any action as it will be automatically applied to customers monthly bills. Fewer than 1 in 10 customers in ontario buy their electricity from an electricity retailer.

Residential medium density and low density customers have a cap of 3686 on the distribution flat charge and distribution volume charge. 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. Electricity rates and charges vary by customer segment. Tou pricing has three periods.

Customers will be billed a flat price of 128 cents per kwh 24 hours a day seven days a week from june 1 to october 31 2020. Each customer falls into one of four pricing schemes. May 1 st and november 1 st. Rickford said that starting nov.

These rates are set at the provincial level by the ontario energy board twice yearly. Ontario morning news round up and legislative agenda for nov. On monday ontario energy minister glen thibeault raised the possibility that consumers could opt out of time of use pricing for flat rates or other billing plans. Thirteen years later ontario passed the energy competition act of 1998 which called for the restructuring of the provinces electricity market in order to make it more competitive and to expand the choices available to consumers.

Time of use tou the majority of our customers pay time of use tou prices. The four electricity pricing models. Switch from time of use to tiered pricing. As directed by the oeb the smart meter entity charge will be collected from residential and general service energy billed customers on behalf of.

If youre thinking about signing an energy contract you will pay the price in the contract which is not regulated by the ontario energy board. Unless you signed a contract with an electricity retailerup to twice a year you have the option to change your electricity pricing plan to choose the best option for your lifestyle. 1 hydro ratepayers will be able to either to return to time of use pricing or opt for a new tiered plan that will provide a set rate for electricity up to a. Tou pricing reflects the cost of producing electricity at different times of day based on demand.

Ontario and the rest of canada began the process of deregulating the nations natural gas market in 1985. Use this page to help understand how electricity is priced in ontario.