January 10-22 - The Ontario government has announced that electricity prices are to be set at the off-peak price of 8.2 cents per kilowatt-hour, 24 hours per day for 21 days starting January 18, 2022, until the end of day February 7, 2022, for all Regulated Price Plan customers. The off-peak rate will apply automatically to residential, small businesses and farms who pay Time-of-Use or Tiered prices set by the Ontario Energy Board.
This rate relief is intended to support small businesses, as well as workers and families spending more time at home while the province is in Modified Step Two of the Roadmap to Reopen.
Note: The calculator below reflects TOU and Tiered prices that were set by the OEB on October 22, 2021. It does not reflect the fixed price of 8.2 ¢/kWh that took effect January 18, 2022.
Use our bill calculators to help you:
- Compare electricity price plans
- Compare your current electricity or natural gas bill with a contract offered by an energy retailer
Compare Time-of-Use to Tiered pricing
Residential and small business customers can choose their electricity price plan. Find out more.
Power is personal. Depending on how much electricity you use and when you use it, one price plan may suit you better than the other. Use our calculator to see what your total bill would look like under both TOU and Tiered prices, taking into account the other rates charged by your electricity utility (Delivery and Regulatory) and the Ontario Electricity Rebate.
To switch between price plans, you must notify your utility by completing an election form. You can get the election form on your utility’s website or by contacting them.
USING THE CALCULATOR
- Get your utility bill, or several months of bills. To use the calculator most effectively, you’ll want to know how much electricity you use and when you use it. You can find this information on the Electricity line of your bills, your utility may provide your data when you access your account online, or contact your utility for more detailed information about your electricity use.
- Remember, your monthly use and usage pattern may be different in the winter season than it is in the summer season. Keep in mind the effect of COVID-19 on your electricity use (for instance, you may be working from home when you normally wouldn’t be).
- The calculator reflects TOU and Tiered prices that were set by the OEB on October 22, 2021. It does not reflect the fixed price of 8.2 ¢/kWh that took effect January 18, 2022.
See how your bill might look on an energy contract
Compare your current bill from your local utility with what to expect if you sign an energy contract with an energy retailer (also called an electricity retailer or a natural gas marketer). The bill calculator uses the regulated rates for each utility in Ontario. You can enter the contract price offered by the energy retailer to compare.
The electricity calculator below reflects TOU and Tiered prices that were set by the OEB on October 22, 2021. It does not reflect the fixed price of 8.2 ¢/kWh that took effect January 18, 2022.