Residential rates change
COVID-19 Recovery Rate for Time-of-Use customers
Effective June 1, 2020, the Government of Ontario announced the COVID-19 Recovery Rate for customers who pay Time-of-Use (TOU) electricity rates. Residential TOU customers will be charged the fixed rate of 12.8 ¢/kWh for all electricity usage, 24 hours a day, seven days a week. The government has extended this rate relief to TOU customers until October 31, 2020.
Decrease in your Delivery Charge as of March 1, 2020
On March 1, 2020, Toronto Hydro reduced the distribution portion of the Delivery Charge on your bill by 17.4%. The decrease reflects changes in distribution rates approved by the Ontario Energy Board (OEB) as part of Toronto Hydro's 2020-2024 rates application.
As a result, a typical residential customer consuming 750 kilowatt-hours (kWh) will experience an average decrease of $5.60 on their total monthly bill, including HST and the Ontario Electricity Rebate (OER). Over the past few weeks, customers began receiving the benefit of the rate relief associated with this change.
Types of electricity rates
Time-of-Use (TOU) rates
In response to the COVID-19 pandemic situation, the Government of Ontario introduced the COVID-19 Recovery Rate. As a result, from June 1 to October 31, 2020, residential customers on TOU pricing will pay the fixed rate of 12.8 ¢/kWh no matter what time of day the electricity is consumed.
The 12.8 ¢/kWh pricing applies automatically – no customer action is required. For more information, visit the OEB website.
|On-peak||Weekdays from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m.||12.8 ¢ per kWh|
|Mid-peak||Weekdays from 11 a.m. to 5 p.m.||12.8 ¢ per kWh|
|Off-peak||Weekdays from 7 p.m. to 7 a.m. and all day weekends and holidays||12.8 ¢ per kWh|
The rates quoted above cover the cost of electricity purchased on your behalf. Toronto Hydro passes this cost through to you, without mark-up, and pays it directly to our suppliers.