Commercial Electricity Rates
Make the choice that's best for you and your business
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 - November 1, 2022 to October 31, 2023
The Ontario Energy Board (OEB) announced TOU and Tiered rates effective November 1, 2022 to October 31, 2023 for residential and small business customers on TOU and Tiered pricing under the Regulated Price Plan (RPP).
To learn more about your bill, click here for TOU and here for Tiered. To view TOU pricing effective January 1 to April 30, 2023, visit our website at this link. To view Tiered pricing effective January 1 to April 30, 2023, visit our website at this link.
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, 2022, Tiered prices for non-residential customers are:
First Tier - Up to 750 kWh
Second Tier - More than 750 kWh
8.7 cents per kWh
10.3 cents per kWh