Smart Meters and Time-of-use (TOU) Prices
Manage your electricity costs and be part of the province’s conservation plan.
Smart meters and time-of-use (TOU) rates are new energy management tools that will help smooth “peak demand”. Both are being introduced across the province in a staggered fashion. Check with your local utility to see how this applies to you.
When we’re all using a lot of electricity at the same time we create “peak demand” periods. Supplying electricity at those peak times has a range of impacts:
- It adds to our electricity costs because higher demand leads to higher prices.
- It's hard on the environment because meeting the peaks may ultimately mean building additional electricity generation plants.
- It adds to the amount of new generation, transmission and distribution infrastructure Ontario must build; and consumers must pay for.
- It puts a strain on our electricity system.
Working together to reduce use at peak times makes good sense.
NOTE: if you currently purchase your electricity commodity through a retailer, you will continue to follow the terms and price stated in your contract.
SIMPLE CHANGES CAN BRING REAL BENEFITS
Shifting your regular routine like when you do laundry can help smooth electricity peaks and create real supply and environmental benefits.
PUTTING YOU IN CONTROL
With different prices at different times, TOU pricing rewards you for using electricity during low and mid-demand periods when prices are lower (reflected in green). (TOU prices effective November 1, 2012. Prices subject to change every 6 months.)
(when demand for electricity is lowest)
(when demand for electricity is moderate)
(when demand for electricity is highest)
View a print version of the time-of-use price chart :
- prices and periods effective November 1, 2012
* Weekends and holidays are off-peak during both the Winter and Summer periods.
- View the 2013 Holiday Schedule for TIme-of-use Prices
CHOOSE YOUR TIME. MANAGE YOUR COSTS.
Your smart meter automatically records your electricity consumption on an hourly basis so you can take advantage of TOU pricing..
Find how much electricity your specific appliance/model consumes by visiting Natural Resources Canada’s Office of Energy Efficiency’s website at www.oee.nrcan.gc.ca or by calling NRCan’s Office of Energy Efficiency at 1-800- 387-2000 (toll-free).
Also check out the cost to run various appliances during different TOU periods by visiting the Independent Electricity System Operator’s website at http://www.ieso.ca/house/oeb.
Page last updated 2013-04-05