What are Time-of-Use prices?
Time-of-Use prices, as the name suggests, are electricity prices that vary based on the time of day, day of week (weekdays versus weekend), and by season (winter or summer) and more closely reflect the cost to produce electricity at different times. Prices for electricity rise and fall over the course of the day and tend to drop overnight and on weekends based on the amount of supply available and our levels of demand. Time-of Use prices are set by the Ontario Energy Board (OEB) and are subject to change each May and November.
