Electricity Rates

Residential Time-of-Use Pricing Effective May 1, 2024 - October 31, 2024
TOU Price PeriodsWinter (November 1 - April 30)Summer (May 1 - October 31)TOU Prices (¢/kWh)
Off-PeakWeekdays 7 p.m. – 7 a.m.
Weekends and holidays all day
Weekdays 7 p.m. – 7 a.m.
Weekends and holidays all day
8.7¢
Mid-PeakWeekdays 11 a.m. – 5 p.m.Weekdays 7 a.m. – 11 a.m. and 5 p.m. – 7 p.m.12.2¢
On-PeakWeekdays 7 a.m. – 11 a.m. and 5 p.m. – 7 p.m.Weekdays 11 a.m. – 5 p.m.18.2¢

 

Residential Ultra-Low Overnight Pricing Effective May 1, 2024 - October 31, 2024
 ULO Price PeriodsAll YearULO Prices (¢/kWh)
Ultra-Low OvernightEvery day 11 p.m. - 7 a.m.2.8¢
Weekend Off-PeakWeekends and holidays 7 a.m. – 11 p.m.8.7¢
Mid-PeakWeekdays 7 a.m. – 4 p.m. and 9 p.m. to 11 p.m.12.2¢
On-PeakWeekdays 4 p.m. – 9 p.m.28.6¢
Residential Tier Pricing Effective May 1, 2024 - October 31, 2024
Tier ThresholdsWinter (November 1 - April 30)Summer (May 1 - October 31)Tier Prices (¢/kWh)
Tier 1Residential – first 1,000 kWh/month

Non-residential – first 750 kWh/month
Residential – first 600 kWh/month

Non-residential – first 750 kWh/month
10.3¢
Tier 2Residential – for electricity used above 1,000 kWh/month

Non-residential – for electricity used above 750 kWh/month
Residential – for electricity used above 600 kWh/month

Non-residential – for electricity used above 750 kWh/month
12.5¢

Electricity impacts many aspects of our lives, whether you are operating appliances, charging an electric vehicle, or working on your home computer...where would we be without electricity? 

As of May 1st, 2023, residential and small business customers can choose between three price plans: Time-of-Use (TOU), Tiered, and Ultra-Low Overnight (ULO). 

Customers can use London Hydro's Price Plan Calculator to automatically compare the plans based on their actual usage and easily switch between them.

With TOU and ULO, the price you pay depends on when you use electricity. With Tiered prices, you can use a certain amount of electricity each month at a lower price. Once that limit is exceeded, a higher price applies. 

If you would like to switch your current Regulated Price Plan immediately, please contact our customer service department at 519-661-5800 ext. 5503. Changes to your price plan will take effect on your next billing cycle. 

 

Considering Switching Price Plans?

When switching price plans, there are a few things to consider. Make sure you have some of your recent electricity bills handy as you go through the information below. Keep in mind the effect of COVID-19 on your electricity use (for instance, you may have been working from home). Most of the information you will need is on the Electricity line of your bill.

  • Your price plan
    Which price plan are you currently on? If you’re unsure, check your price plan in MyLondonHydro or Trickl, or look at the Electricity line of your bill. 
  • Your usage
    How much electricity do you use in a month? If you’re unsure, look in MyLondonHydro or Trickl, or at the Electricity line on your bill. You might also want to look at your historical energy usage.
  • Your consumption pattern 

    The time of day you use electricity can be another factor in your choice. Historically, the typical residential customer who paid TOU prices has used nearly two-thirds of their power at off-peak times — from 7 pm to 7 am on weekdays and all weekends and holidays. The other third of their power used was typically split equally between on- and mid-peak times. 

    If switching to ULO, it would be important to consider that ULO's on-peak is from 4 pm to 9 pm on Weekdays, with the Ultra-Low rate not taking effect until 11 pm.

    Look at your energy usage in MyLondonHydro or Trickl to see when you've historically used power.

  • Seasonal changes and time of year
    As described above, the TOU price periods and Tier thresholds change with the season and are different during the winter (November 1 – April 30) and summer (May 1 – October 31) periods. Does the amount of electricity you use change based on the season?

If you’re thinking about switching, you should pay close attention to how much electricity you use in a month, because on Tiered pricing the price is higher for every kWh of electricity that you use above the Tier threshold of 1,000 kWh in the winter or 600 kWh in the summer. For instance, if you heat your home electrically, your monthly use in the winter may be higher. And the same goes for the summer if you need to run your air conditioner. 

With TOU prices, the price depends on when you use electricity. Although the TOU price periods also change with the season, the electricity you use after 7 p.m. every day, and all the time on weekends and holidays, is charged at the lowest price under TOU all year round.

  • Lifestyle and daily habits
    Are you often home during the day on weekdays, so shifting your usage is more challenging? Do you have large appliances that you need to run during the day on weekdays? Do you have a pool, hot tub or electric vehicle? Can you shift more of that usage to nighttime or weekend hours? 
  • Small business
    If you’re a small business owner, some of the same factors mentioned earlier also apply – how much electricity do you use each month, and when do you use it? Keep in mind that the Tier threshold for small business customers is 750 kWh all year round. And not all small businesses are the same. A large restaurant with several ovens running in the evening may have a very different electricity usage pattern than a small salon that’s only open during the day. So may a dry cleaner compared to a convenience store, or a clothing store compared to a bakery.
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Tiered pricing breakdown

 

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Home with lights on

Residential Electricity Rates

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Factory Floor

Commercial Electricity Rates

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Three bars showing the pricing for the three different Regulated Price Plans

Log into Log into Trickl or MyLondonHydro to Choose the Price Plan That's Best for You

You can compare electricity price plans based on your actual usage. Easily switch between plans in Trickl or MyLondonHydro.

If you would like to learn more about your pricing options, visit www.oeb.ca/choice

Need help deciding on which is best for you? You may also use Ontario Energy Board's Online Comparison Calculator

You can also view the informational flyer here that is available in seventeen languages including French, Arabic, Cree, Korean, Punjabi, Urdu, Ojibway, Farsi, and more.  

If you don't have a MyLondonHydro account or access to London Hydro's mobile app Trickl, you can switch price plans by completing an election form {hyperlink election form} or by contacting us at (519) 661-5503, Monday through Friday, 8:30 am - 4 pm.

 

Electricity Rates FAQs
What is Customer Choice

If you’re a residential or small business customer, you can choose to switch between Time-of-Use (TOU) and Tiered prices. And beginning May 1st, 2023, you can switch to the new Ultra-Low Overnight (ULO) price plan.

To switch price plans, you must notify London Hydro by completing an election form or by using the online Price Comparison Tool in your MyLondonHydro account. You can ask to switch price plans at any time.

If you want to stay with your current price plan, no action is required.

What are TOU prices?

With TOU prices, the price depends on when you use electricity.  

There are three TOU price periods:

  • Off-peak, when demand for electricity is generally lower. This price applies in the evenings on weekdays and all day on weekends. Every household and small business is different, but on average, Ontario households use nearly two thirds of their electricity during off-peak hours.
  • Mid-peak, when demand for electricity is moderate. These periods are during the daytime, but not the busiest times of day.
  • On-peak, when demand for electricity is generally higher. These are the busier times of day – generally when people are cooking, starting up their personal electronics and running heaters or air conditioners.

With TOU pricing, you can help manage your electricity costs by shifting your usage to lower price periods when possible.

What are ULO prices?

With ULO prices, the price depends on when you use electricity.

There are four ULO price periods:

  • Ultra-Low Overnight, when demand for electricity is lowest on average.
  • Weekend Off-peak, when demand for electricity is generally lower.
  • Mid-peak, when demand for electricity is moderate.
  • On-peak, when demand for electricity is highest on average.

The ULO price periods are the same in the summer as they are in the winter. 

What are Tiered prices?

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. In the winter period (November 1 – April 30), the Tier threshold for residential customers is 1,000 kWh. In the summer period (May 1 – October 31), the Tier threshold for residential customers is 600 kWh. The Tier threshold for small business customers 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.

What do TOU, Tiered and ULO prices pay for?

The OEB sets TOU, Tiered and ULO prices based on a forecast of how much it will cost to supply TOU, Tiered and ULO customers with the electricity they are expected to use over the next 12 months, and to recover the same forecast average cost of supply.

The OEB sets TOU, Tiered and ULO prices under the Regulated Price Plan. The Regulated Price Plan is designed to provide stable pricing, encourage conservation and ensure that the price customers pay for electricity better reflects the price paid to generators that produce the electricity that customers use in their homes or small businesses.

Electricity distributors are not allowed to make a profit from the sale of electricity.

How often are Regulated Price Plan prices (TOU, Tiered and ULO) set?

The OEB typically sets TOU, Tiered and ULO prices once a year, for November 1, based on an estimate of how much it will cost to supply residential and small business customers on the Regulated Price Plan with the electricity that they are expected to use. 

Will I save money by switching price plans?

There is no guarantee you will save money if you switch price plans. The total bill impact of switching will vary depending on how much electricity you consume in a month and when it is consumed during the day.

Considering switching price plans? For more information, go to www.oeb.ca/choice and use the OEB’s bill calculator to estimate what your bill might look like if you switched price plans.

What do I need to do to switch price plans?

If you don’t want to switch price plans, you don’t need to do anything. You will stay on your current price plan.

If you do want to switch price plans, here are the rules that apply. These rules also apply if you later want to switch back or to another price plan.

  • London Hydro must make its election form available on its website, and to any customer that requests it. London Hydr must accept election forms by email or mail at a minimum. You’ll need to fill out the election form to notify London Hydro that you want to switch. The form is intended to be as simple as possible in terms of the information that you need to provide. You should have a recent electricity bill on hand when filling out the form, as you will need your utility account number.
  • Within 10 business days of receiving your election form, London Hydro must tell you if your election form can’t be processed and must explain why (for instance, if you’re not authorized to make changes to the account, or the account can’t be verified). 
  • If there are no issues with your election form, London Hydro has the same 10 business days to let you know when you can expect to start being billed on your new price plan.
  • A switch in price plans can only take effect at the start of a billing period. A billing period is generally about 30 days long, but that can vary. The start and end dates are identified on your electricity bill. Many customers are not billed based on a calendar month, and the start of your billing period can be any given day of a month.
    • London Hydro must start charging you on your new price plan as of your next billing period after you submit your election form if London Hydro receives that form at least 10 business days before that billing period starts, and provided there are no issues with your form (see above).
    • If London Hydro ) receives your complete election form less than 10 business days before the start of your next billing period, London Hydro might still be able to switch you for your next billing period. But if London Hydro can’t do so, London Hydro has to start charging you on your new price plan at the start of the next billing period after that.
    • Because a switch in prices can only take effect at the beginning of a billing period, it could take some time between the day you provide your election form and the day you actually start getting charged on your new price plan. 
If I have switched to a new price plan, can I switch back to my previous price plan or another price plan?

Yes. 

Can all customers switch plans?

The choice between TOU, Tiered and ULO prices is available to residential and small business customers that have smart meters and are billed under the OEB’s Regulated Price Plan.

Some residential and small business customers are charged Tiered prices because their meters can’t be used to bill TOU or ULO prices. They can’t switch to TOU or ULO prices at this time.

If you live in a condo or apartment that has its own individual meter and your bill comes from a company other than your electricity utility, you are a customer of a unit sub-meter provider (USMP). Customers of USMPs also can’t switch price plans. That decision can only be made for the building as a whole by the person that retained a USMP for the property. In most cases, the property manager, landlord or condominium board sets up this arrangement.

I receive a monthly credit from the Ontario Electricity Support Program (OESP). Will I lose that credit if I switch price plans?

No. You will still receive the credit.

I receive the Ontario Electricity Rebate. Will I lose that rebate if I switch price plans?

No. You will still receive the credit.

Additional Forms

Regulated Price Plan Eligibility Form

Ontario Electricity Rebate Eligibility Form (Commercial/Business Customers)

Pricing Election Form General Service Greater than 50kW

Low Volume and Residential RPP Election Form
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Please note: The above form is required if you are a low volume or residential customer and you need to manually change your plan from TOU to Tier or, Tier to TOU, or you are a low-volume multi-unit customer that needs to manually declare the number of units that you have for tier pricing. 

For Customers in TOU Price Plan:

Sunday 5:28PM

Currently Mid-Peak

12 Am - 12 Pm
Off-Peak
8.7¢/kWh
N/A
Mid-Peak
12.2¢/kWh
N/A
On-Peak
18.2¢/kWh

For Customers in Ultra Low Overnight Plan:

Sunday 5:28PM

Currently On-Peak

7 AM - 11 PM
Off-Peak
8.7¢/kWh
N/A
Mid-Peak
12.2¢/kWh
N/A
On-Peak
28.6¢/kWh
11 PM - 7 AM
Ultra-Low
2.8¢/kWh