Why are customers being switched to Time-of-Use prices?
Hydro One, together with all electricity distributing companies across Ontario, are switching consumers to Time-of-Use pricing as part of the provincial government initiative to help promote a culture of energy conservation across Ontario. Between now and 2025, Ontario will need to replace about 80 per cent of its electricity system because it is aging. Building new electricity supply will be vital – but so is energy conservation and demand management. Time-of-Use electricity pricing encourages consumers to shift electricity usage from on-peak to off-peak periods when possible, and thereby reduce the strain on the electricity system, help the environment, and provide customers with a new way of managing their electricity use (and costs).
