As of December 22, 2020, the Ontario Government announced that due to the Provincial Lock-Down, residential, small business and farm accounts operating on TOU or Tiered pricing will pay a fixed rate of 8.5c/kWh from January 1st, 2021 to January 28th, 2021.
Do you have questions regarding the switch? Answers can be found here
Time-Of-Use (TOU) & Tiered Pricing
Beginning January 28th, 2021, the Ontario Energy Board (OEB) has introduced new rates for the Time-Of-Use pricing and Tiered pricing. 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. To learn more about how the OEB determines electricity rates click here
Customers can now choose the electricity price plan that best suits them. Below are the Time-Of-Use and Tiered price plans.
With TOU prices, the price depends on when you use electricity. There are three TOU prices:
- When demand for electricity is lowest. Ontario households use most of their electricity – nearly two thirds of it – during off-peak hours.
- When demand for electricity is moderate. These periods are during the daytime, but not the busiest times of day.
- 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.
With Tiered pricing, you can use a certain amount of electricity each month at a flat rate of 10.1c/kWh. Once that limit (called a threshold) is exceeded, a higher price applies.
Residential customers can use 1000/kWh at the price of 10.1c, if they exceed 1000/kWh customers will pay 11.8c for additional electricity used.
Small business/Non-residential customers can use 750/kWh at the price of 10.1c, if they exceed 750/kWh customers will pay 11.8c for additional electricity used.
If you would like to learn more about TOU and Tiered pricing, the OEB has created an informational video that can be found here
If you would like to make the switch from TOU to Tiered pricing please fill out the Election Form