As of November 1, 2020, small businesses will have the option to stay on time-of-use pricing, or move to a tiered rate system.
If you wish to stay on time-of-use, no action is required. If you wish to change to the tiered rate system, you must contact your electricity provider. Businesses will have the flexibility to move between systems to choose what is right for them.
Looking to make the switch? Here is the Ontario Energy Board (OEB) guide on how to do it.
Winter Time-of-Use Rates (November 1, 2020)
|7:00AM||11:00AM||21.7 cents/kWh (on-peak)|
|11:00AM||5:00PM||15.0 cents/kWh (mid-peak)|
|5:00PM||7:00PM||21.7 cents/kWh (on-peak)|
|7:00PM||7:00AM||10.5 cents/kWh (off-peak)|
Winter Tiered Rates (November 1, 2020)
|Tier 1||First 750 kWh/month||12.6 cents/kWh|
|Tier 2||Above 750 kWh/month||14.6 cents/kWh|
Affordable, predictable and stable hydro costs are a key component for keeping your business competitive.
We continue to push the government to address the core issues facing the energy sector, to better align energy policies with the realities of running a small business in Ontario, and to keep their campaign commitment to reduce rates by 12 per cent.
CFIB is also calling on the government to:
- Increase the tiered rate threshold to 3,000 kilowatt hours of electricity consumed per month
- Keep their campaign commitment to reduce hydro rates for residents, small business owners and farmers by 12 per cent
- Require the Global Adjustment fee to be visible and explained on all bills
- Better manage the supply and demand of energy
- Consult on a new Long-Term Energy Plan (LTEP) for the province