Web11 Apr 2024 · Hydro customers across Ontario can soon choose a new “ultra-low” overnight rate, aimed at people who use more electricity at night, including electric vehicle owners who need to charge their cars. WebUnder the new price plan, the on-peak rate would be equal to approximately 10 times the ultra-low overnight rate, with the mid-peak rate approximately equal to the standard TOU mid-peak price, and the weekend off-peak price roughly equal to the standard TOU off-peak price. Edit: for context, current rates are at 17 cents during on peak level 1

Ontario rolls out ‘ultra-low’ overnight hydro rate to encourage …

Web2 Mar 2024 · Under the proposed Ultra-Low Rate program, the on-peak rate will be higher than the current TOU rate, but there will also be a much lower overnight energy rate. This will further incentivize consumers to shift their energy use to make use of the province's excess generation at night and to ease the demand on the system during peak times. images of river rapids

Ontario looking into lower price plan for overnight electricity use

Web11 Apr 2024 · The new "ultra-low overnight plan" would set the overnight right at 2.4 cents per kWh, from 11 p.m. to 7 a.m., compared to the current off-peak rate of 7.4 cents per kWh under the current time-of-use plan, which will remain available. Under the new ultra-low overnight plan, the on-peak price would be 10 times higher than the overnight rate ... Web11 Apr 2024 · Hydro customers across Ontario can soon choose a new “ultra-low” overnight rate, aimed at people who use more electricity at night, including electric vehicle owners … Web11 Apr 2024 · TORONTO - Hydro customers across Ontario can soon choose a new "ultra-low" overnight rate, aimed at people who use more electricity at night, including electric vehicle owners who need to charge their cars. Energy Minister Todd Smith says the new rate will be 2.4 cents per kilowatt hour, which is 67 per cent lower than the current off peak rate. images of river rock stone