Electricity rates

Find out about the Electricity line of your bill, including time-of-use rates.
Rates and your bill

Electricity rates & prices

  • Off-peak7.7 ¢/kWh
  • Mid-peak11.3 ¢/kWh
  • On-peak15.7 ¢/kWh
Next: Mid-peak starts in 02:00

Time-of-use price at 2:59 PM EDT

Electricity prices dropping for households and small businesses effective May 1

The Ontario Energy Board announced that households and small businesses that buy their electricity from their local utility will see their electricity prices go down starting May 1. This will benefit more than 90% of the electricity customers in Ontario. Read more

 

As part of our mandate, we set the rates that your utility charges for the electricity you use in your home or small business. These rates appear on the Electricity line of your bill. We also set the Delivery rates that cover the cost to deliver electricity to most residential and small business customers.

See a description of all of the charges that appear on your electricity bill

Types of electricity rates

For customers that buy electricity from their utility, there are two different types of rates. The Ontario Energy Board sets both:

For customers that have signed up for a contract with an energy retailer, the price is set out in the contract. The Ontario Energy Board does not regulate this. Read more about contracts.

How electricity rates are set 

We set electricity rates for residential and small business customers twice each year, on May 1 and November 1. These rates are used by your utility to calculate the Electricity line of your bill.  

The Ontario Energy Board sets these rates based on estimates. The factors that go into this calculation include:

  • How and when residential and small business customers use electricity
  • How much electricity we expect will be used for the next 12 months
  • How much we expect will be paid to generators for producing the electricity used by households and small businesses

We take into consideration how accurate our previous estimates were. For example, if we overestimated the cost of electricity, households and small businesses will have paid more than the actual cost of electricity, and we adjust the next rates accordingly.

Electricity rates and prices infographic
Have your say
We also set distribution rates, which appear on the Delivery line of your bill. These are the rates your utility charges to deliver electricity to your home or small business. See if your utility has made a recent application to us to change their distribution rates. You can:
 
  • See what they’re asking for and why, and provide your comments online
  • Find out when upcoming community meetings and hearings are being held so that you can attend
  • See documents related to the case

    Tiered rates

    A very small number of Ontario electricity customers are billed using tiered rates. Under tiered rates, a customer can use a certain amount of energy each month at a lower rate. Once that limit is exceeded, the rate goes up. The chart below shows the rates and tiers for each type of customer:

    Residential (effective May 1, 2017)

    When How much electricity you use Rate (¢ per kWh)
    Summer (May 1 - Oct 31) Up to 600 kWh 9.1
      More than 600 kWh 10.6
    Winter (Nov 1 - Apr 30) Up to 1,000 kWh --
      More than 1,000 kWh --

    Non-Residential (effective May 1, 2017)

    When How much electricity you use Rate (¢ per kWh)
    All seasons Up to 750 kWh 9.1
      More than 750 kWh 10.6

    See how rates for tiered customers have changed over time

    Electricity prices in energy contracts

    Fewer than 1 in 10 customers in Ontario buy their electricity from an electricity retailer. If you’re thinking about signing an energy contract, you will pay the price in the contract, which is not regulated by the Ontario Energy Board.

    The Global Adjustment

    Most electricity generating companies get a guaranteed price for the electricity that they produce. The Global Adjustment is the difference between that guaranteed price and the money the generators earn in the wholesale marketplace. The Global Adjustment also covers the costs of some conservation programs.  

    All electricity consumers have to pay a share of the Global Adjustment. The time-of-use and tiered electricity rates charged by your electricity utility already include an estimate of the Global Adjustment. If you sign up for a contract with an energy retailer, you have to pay your share of the Global Adjustment on top of the contract price. The Global Adjustment will also appear as a separate line on your bill.

    Visit the Independent Electricity System Operator (IESO) website for more information on the Global Adjustment. 

    Calculate your electricity bill

    Electricity distribution utilities deliver electricity to your home or business and also issue your bill, unless you are a customer of a unit sub-metering provider. Use our calculator to estimate your monthly bill. You can also compare your current bill with what to expect if you sign a contract with an electricity retailer.

    Use our bill calculator now