COVID-19: Time-of-Use Rates Suspended for 45 Days
The Government of Ontario is providing temporary 45-day emergency relief to support Ontarians impacted by the global COVID-19 outbreak. As of Tuesday, March 24, 2020, households, farms and small businesses who pay time-of-use electricity rates will be charged off-peak rates 24 hours a day, seven days a week.
Electricity rates in Ontario are set by the Ontario Energy Board (OEB). Rates are calculated using a 12-month forecast that helps make pricing more stable, predictable and fair both for users and for generators.
With Time-of-Use (TOU) pricing, the price of electricity depends on when you use it. There are three different prices for electricity: On-Peak, Mid-Peak and Off-Peak.