By: Cheaper utility bills | posted in News & Stories |
Date: August 12th, 2010
Ontario – After 7:00 pm at night, is the time for the cheapest electricity prices. And that’s the same electricity price you get all day and night on weekends and holidays. This is called off-peak for electricity consumers under time-of-use (TOU) electricity rates.
The time-of-use (TOU) electricity rates have three different prices depending on the time of the day you use electricity:
On-peak (10.7¢ per kilowatt hour)
Mid-peak (8.9¢ per kilowatt hour)
Off-peak (5.9¢ per kilowatt hour) – The cheapest electricity prices are during this period.
*Time-of-Use (TOU) rates are established by the Ontario Energy Board, reviewed and electricity prices are adjusted if necessary every 6 months.
The off-peak electricity price continues right through the night until 7 a.m. the next weekday morning.
To save the most money on electricity, shift all of your energy-intensive activities such as laundry to after 7 p.m. on weeknights or on the weekend. Run the dishwasher after 7 p.m. at night, and you’ll get the cheapest electricity prices.
See graph below for the TOU summer schedule and remember that the cheapest electricity price is in the green.
| Day & Time | Mon. | Tues. | Wed. | Thurs. | Fri. | Sat. | Sun. | ||||||
| 7 AM | |||||||||||||
| 11 AM | |||||||||||||
| 5 PM | |||||||||||||
| 7 PM | |||||||||||||
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The schedule is somewhat different during winter months, but the off-peak periods are the same for both summer and winter.
| Day & Time | Mon. | Tues. | Wed. | Thurs. | Fri. | Sat. | Sun. | ||||||
| 7 AM | |||||||||||||
| 11 AM | |||||||||||||
| 5 PM | |||||||||||||
| 7 PM | |||||||||||||
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Info: This article is not a legal or professional advice or diagnosis, this is only my opinions. It represents my own personal point of view. This posting does not necessarily represent the points of view of my associates and friends. I do not endorse nor verify the accuracy, completeness or usefulness of any message posted on this site.
Tags: electricity
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Your rates need to be updated as of Nov. 1/2011. And if you really want to beat the rates. Contact me. I have an option that wil negate the Smart Meter and the balance of the increases for the next 5 years.
How much do you charge for this 5 years fixed rate?