Commercial Electricity Rates
Make the choice that's best for you and your business
Learn about Customer Choice and select the best option for your business Time-of-Use (TOU) or Tiered.
About TOU Pricing
With TOU prices, the price depends on when you use electricity. You can help manage your electricity costs by shifting your usage to lower price periods when possible.
There are three TOU periods:
Off-peak: When demand for electricity is lowest.
Mid-peak: When demand for electricity is moderate.
On-peak: When demand for electricity is generally higher.
People use electricity differently depending on the season, so the TOU price periods are different in the winter than they are in the summer.
About Tiered Pricing
With Tiered prices, you can use a certain amount of electricity each month at a lower price. Once that limit (called a threshold) is exceeded, a higher price applies.
For small business customers, the Tier threshold is 750 kWh all year round.
Tiered prices give you the flexibility to use electricity at any time of day at the same price, although that price will change if you exceed the threshold during the month.
TOU and Tiered Pricing
May 1 to October 31, 2022
The Ontario Energy Board (OEB) announced no changes to summer TOU and Tiered rates effective May 1 to October 31, 2022 for residential and small business customers on TOU and Tiered pricing under the Regulated Price Plan (RPP). Summer TOU hours will take effect on May 1 as usual. The Tier threshold for residential customers on Tiered pricing is now 600kWh (from 1,000kWh).
A small number of customers use tiered rates. Tiered Pricing is broken down into set amounts of electricity that may be used at a specific rate; once this set amount is exceeded, the rate changes to a more expensive tier. As of November 1, 2021, Tiered prices for non-residential customers are:
First Tier - Up to 750 kWh
Second Tier - More than 750 kWh
9.8 cents per kWh
11.5 cents per kWh
Small Business Charges
Learn more about charges, including delivery charges by rate class for your current bill.
Learn more about rates, Weighted Average Price/Spot Market Price, global adjustment, the Ontario Electricity Rebate and retail contracts.