Ontario’s Ultra-Low Overnight Electricity Price Plan

The Ontario Energy Board has announced a new hydro pricing plan. It’s expected to be available to customers in May or November 2023 — depending when your electricity provider implements the plan.

This plan is potentially interesting if you use a heat pump to heat your home. The off-peak rates are nearly 70%  lower than under the current Time of Use (ToU) plan available to Ontario homes.

It you charge one or more electric vehicles at home this plan gets even more appealing. 

Ultra-low time of use rates

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