Ontario introduces time-of-use pricing

Be careful what time  you run that dishwasher or turn on your washing machine, it could be costing you more money. Thanks to time-of-use pricing, now being expanded to all of  Ontario as of  January 8, 2010, it will cost hydro power consumers more money to run their appliances during peak power usage times.

Residential electricity consumers are charged a premium when they consume power during weekday peak periods – from 7 a.m. to 11 a.m. and 5 p.m. to 9 p.m. in the winter months.

Toronto Hydro Customers have been on the time-of-usage plan since the end of 2009.

WEEKDAY PRICING:

SUMMER (May 1 to Oct. 31)

  • Off-peak / 9. p.m. to 7 a.m.
  • Mid-peak / 7 a.m. to 11 a.m. / 5 p.m. to 9 p.m.
  • On-peak / 11 a.m to 5 p.m.

WINTER (Nov. 1 to April 30)

  • Off-peak / 9 p.m. to 7 a.m.
  • Mid-peak / 11 a.m to 5 p.m.
  • On-peak / 7 a.m. to 11 a.m. / 5 p.m. to 9 p.m.

WEEKENDS AND STATUTORY HOLIDAYS: all hours are off peak

APPLIANCE / Off-peak 4.4¢ per kWh / Mid-peak, 8¢ per kWh / On-peak. 9.3¢ per kWh

To view estimated costs and savings, Visit

http://www.theglobeandmail.com/news/national/in-ontario-electricity-pricing-is-a-matter-of-timing/article1423424/

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