Rates
Customers can now choose the electricity price plan that best suits them. Below are the Time-Of-Use and Tiered price plans.
Orangeville Hydro is a LDC (Local Distribution Company) that adheres to the Ontario Energy Board. As such, we do not set the electricity prices for Time-Of-Use or Tiered Pricing.
Time-Of-Use Pricing
With TOU prices, the price depends on when you use electricity. There are three TOU prices:
Off-peak 7.4c/kWh
When demand for electricity is lowest. Ontario households use most of their electricity – nearly two thirds of it – during off-peak hours.
Mid-peak 10.2c/kWh
When demand for electricity is moderate. These periods are during the daytime, but not the busiest times of day.
On-peak 15.1c/kWh
When demand for electricity is generally higher. These are the busier times of day – generally when people are cooking, starting up their computers and running heaters or air conditioners.
Tiered Pricing
With Tiered pricing, you can use a certain amount of electricity each month at a flat rate of 8.7c/kWh. Once that limit (called a threshold) is exceeded, a higher price applies.
In the summer months residential customers can use 600/kWh at a set price, if they exceed 600/kWh customers will pay for additional electricity used.
In the winter months residential customers can use 1000/kWh at a set price, if they exceed 1000/kWh customers will pay for additional electricity used.
Small business/Non-residential customers can use 750/kWh at the price of 9.8c, if they exceed 750/kWh customers will pay 11.5c for additional electricity used.
Additional Information
To learn more about how the Ontario Energy Board determines electricity rates, click here.
Compare the two price plans here.
If you would like to learn more about TOU and Tiered pricing, the OEB has created an informational video.