What is Time-of-Use pricing and how does it work?
The Ontario Energy Board (OEB) has established special Time-of-Use electricity prices to provide an incentive for consumers with smart meters to shift their consumption away from periods when total consumption is high (“on-peak”) to periods when demand for electricity is lower (“mid” or “off-peak”). These rates are based on pricing trends in the electricity wholesale market, and they fluctuate, as their name indicates, depending on when, during the day, electricity is consumed.
