Residential Electricity Rates

If you’re a residential or small business customer that pays Time-of-Use (TOU) electricity prices, you can choose to switch to Tiered* prices beginning November 1, 2020. 

If you want to continue paying TOU prices, no action is required. If you would like to learn more about your pricing options, visit www.oeb.ca/choice

To switch from TOU to Tiered prices, you can notify us by completing an election form or by contacting us at (519) 661-5503, Monday through Friday, 8:30 am - 4:00 pm.

We will begin accepting election forms on October 13, 2020.

You may wish to continue paying TOU prices for your electricity. In that case, no action is required.

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TOU Tiered Comparison

Log into MyLondonHydro to see the comparison

You can now compare TOU and Tiered electricity price plans directly in your MyLondonHydro account. Log in today to choose which plan is best for you.

About TOU Pricing

With TOU prices, the price depends on when you use electricity. You can help manage your electricity costs by shifting your usage to lower price periods when possible.

There are three TOU periods:

  • Off-peak: When demand for electricity is lowest. Ontario households use most of their electricity – nearly two thirds of it – 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 computers and running heaters or air conditioners.

People use electricity differently depending on the season, so the TOU price periods are different in the winter than they are in the summer.

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TOU graphic
About Tiered Pricing

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. For residential customers, the threshold normally changes with the season to reflect changing usage patterns – for example, there are fewer hours of daylight in the winter and some customers use electric heating.

In the winter period (November 1 – April 30), the Tier threshold for residential customers is 1,000 kWh so that households can use more power at the lower price. In the summer period (May 1 – October 31), the Tier threshold for residential customers is 600 kWh. 

For small business customers, the Tier threshold 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.

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Tiered pricing breakdown

 

Sunday 12:06PM

Currently Mid-Peak

Off-Peak
7PM - 7AM
10.5¢/kWh
Mid-Peak
11AM - 5PM
15¢/kWh
On-Peak
7AM - 11AM • 5PM - 7PM
21.7¢/kWh

Tiered Pricing is broken down into set amounts of electricity that may be used at a specific rate; once this set amount is exceeded, the rate changes to a more expensive tier. Tiered pricing is generally updated annually on May 1 and November 1. As of November 1, 2020, Tiered prices for residential customers are:

First Tier - Up to 1000 kWh

 

Second Tier - More than 1000 kWh

12.6 cents per kWh

14.6 cents per kWh

Tiered prices for non-residential customers are:

First Tier - Up to 750 kWh

 

Second Tier - More than 750 kWh

12.6 cents per kWh

14.6 cents per kWh

  

Residential Electricity Rates, Effective November 1, 2020 - Breakdown of Charges

 

Breakdown of Charges

Rates Effective November 1, 2020

Electricity price (TOU) November 1, 2020

On-Peak Rate

per kWh

$0.217

Mid-Peak Rate

per kWh

$0.150

Off-Peak Rate

per kWh

$0.105

Delivery

Fixed Monthly Charge

per month

$26.24

IESO Smart Metering Entity Charge

per month

$0.57

Network Charge*

per kWh

$0.0074

Connection Charge*

per kWh

$0.0066

Adjustment Factor Charge***

per kWh

kWh x 0.0315 x Electricity Rate

Regulatory

Wholesale Market Service Charge*

per kWh

$0.0030

Capacity Based Recovery per kWh $0.0004

Rural Rate Protection Charge*

per kWh

$0.0005

Government

Administration Charge**

per month

$0.25

HST

per bill

13%
Ontario Electricity Rebate per bill 33.2%

*In calculating your bill, your consumption amount will be adjusted to account for heat loss. When electricity is delivered over a power line, it is normal for a small amount of power to be consumed or lost as heat. Equipment such as wires and transformers consume power before it gets to your home or business. The adjustment factor accounts for these losses.


** Monthly Administration charge applies to non-retailer affiliated customers only.


***Adjustment Factor Charge is kWh x 0.0315 x Electricity Rate. For Example: 200kWh x 0.0315 Adjustment Factor x Electricity Rate = 6.3 kWh x $0.128/kWh = $0.806.