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What is Time-of-Use Pricing?

April 26, 2017pricing time-of-use

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What is Time-of-Use Pricing?

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Time-of-Use pricing (also known as TOU) is pricing based on the time of day, day of the week, and season of the year that energy is used. Smart meters that measure hourly energy use make this kind of pricing possible. The pricing is determined by the Ontario Energy Board based on how much energy is used and how much energy is available in the province of Ontario at different times.