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Residential Electricity Rates
As of May 1st, 2023, residential and small business customers can choose between three price plans: Time-of-Use (TOU), Tiered, and Ultra-Low Overnight (ULO).
Customers can use London Hydro's Price Plan Calculator to automatically compare the plans based on their actual usage and easily switch between them.
If you don't have a MyLondonHydro account or access to London Hydro's mobile app Trickl, you can switch price plans by completing an election form {hyperlink election form} or by contacting us at (519) 661-5503, Monday through Friday, 8:30 am - 4 pm. If you would like to learn more about your pricing options, visit www.oeb.ca/choice.
Tiered Pricing is broken down into set amounts of electricity that may be used at a specific rate; once this set amount is exceeded, the rate changes to a more expensive tier. Tiered pricing is generally updated annually on May 1 and November 1.
As of May 1, 2023 - October 31, 2023, Tiered prices for residential customers are:
First Tier - Up to 600 kWh |
Second Tier - More Than 600 kWh |
|
8.7 cents per kWh |
10.3 cents per kWh |
Tiered prices for non-residential customers are:
First Tier - Up to 750 kWh |
Second Tier - More Than 750 kWh |
| 8.7 cents per kWh | 10.3 cents per kWh |
Residential Electricity Rates, Effective May 1, 2023 - October 31, 2023 - Breakdown of Charges
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Rates Effective May 1, 2023 - October 31, 2023 |
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Electricity price (TOU or Tier) |
On-Peak TOU Rate |
per kWh |
$0.151 |
|
Mid-Peak TOU Rate |
per kWh |
$0.102 |
|
|
Off-Peak TOU Rate |
per kWh |
$0.074 |
|
|
First 1000 kWh Tier |
per kWh |
$0.087 |
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Second >1000 kWh Tier |
per kWh |
$0.103 |
|
| On-Peak ULO Rate | per kWh | $0.24 | |
| Mid-Peak ULO Rate | per kWh | $0.102 | |
| Weekend Off-Peak ULO Rate | per kWh | $0.074 | |
| Ultra-Low Overnight ULO Rate | per kWh | $0.024 | |
|
Delivery |
Fixed Monthly Charge |
per month |
$28.38 |
|
IESO Smart Metering Entity Charge |
per month |
$0.42 |
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|
Distribution Volumetric Rate Riders**** |
per kWh |
$0.0012 |
|
|
Network Charge* |
per kWh |
$0.0102 |
|
|
Connection Charge* |
per kWh |
$0.0076 |
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Adjustment Factor Charge*** |
per kWh |
kWh x 0.0288 x Electricity Rate |
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|
Regulatory |
Wholesale Market Service Charge* |
per kWh |
$0.0041 |
|
Capacity Based Recovery |
per kWh |
$0.0004 |
|
|
Rural Rate Protection Charge* |
per kWh |
$0.0007 |
|
|
Government |
Administration Charge** |
per month |
$0.25 |
|
HST |
per bill |
13% |
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Ontario Electricity Rebate |
per bill |
(11.7%) |
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*In calculating your bill, your consumption amount will be adjusted to account for heat loss. When electricity is delivered over a power line, it is normal for a small amount of power to be consumed or lost as heat. Equipment such as wires and transformers consume power before it gets to your home or business. The adjustment factor accounts for these losses.
****Volumetric Rate Riders include the following: Rate Rider for Disposition of Deferral/Variance Accounts $0.00002; Rate Rider for Disposition of Lost Revenue Adjustment Mechanism Variance Account $0.0003.
***Volumetric Rate Riders would include the Rate Rider for Disposition of Global Adjustment of $0.0014/kWh for those customers who do not pay Regulated Price Plan prices. |
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Log into MyLondonHydro or Trickl to Choose the Price Plan That's Best for You
You can now compare electricity price plans based on your actual usage and easily switch between plans.
About TOU Pricing
With TOU prices, the price depends on when you use electricity. You can help manage your electricity costs by shifting your usage to lower price periods when possible.
There are three TOU periods:
- Off-peak: When demand for electricity is lowest. Ontario households use most of their electricity – nearly two-thirds of it – during off-peak hours.
- Mid-peak: When demand for electricity is moderate. These periods are during the daytime, but not the busiest times of the day.
- On-peak: When demand for electricity is generally higher. These are the busier times of day - generally when people are cooking, starting up their computers, and running heaters or air conditioners.
People use electricity differently depending on the season, so the TOU price periods are different in the winter than they are in the summer.
About Tiered Pricing
With Tiered prices, you can use a certain amount of electricity each month at a lower price. Once that limit (called a threshold) is exceeded, a higher price applies. For residential customers, the threshold normally changes with the season to reflect changing usage patterns – for example, there are fewer hours of daylight in the winter and some customers use electric heating.
In the winter period (November 1 – April 30), the Tier threshold for residential customers is 1,000 kWh so that households can use more power at the lower price. In the summer period (May 1 – October 31), the Tier threshold for residential customers is 600 kWh.
For small business customers, the Tier threshold is 750 kWh all year round.
Tiered prices give you the flexibility to use electricity at any time of day at the same price, although that price will change if you exceed the threshold during the month.
About Ultra Low Pricing
Like TOU, ULO prices depend on when you use electricity. This price plan is ideal for those who can shift a significant amount of their usage to overnight.
There are four ULO price periods:
- Ultra-Low Overnight, when demand for electricity is lowest on average.
- Weekend Off-peak, when demand for electricity is generally lower.
- Mid-peak, when demand for electricity is moderate.
- On-peak, when demand for electricity is highest on average.
The ULO price periods are the same in the summer as they are in the winter. On weekends and holidays the cheapest rates are in effect all day. View the Holiday Schedule for Time-of-Use and Ultra-Low Overnight.
Don't know which price plan is best for you? Let us help
Fill out the form below and have one of our customer service representatives reach out to you with more information on the regulated price plans. They will provide you with information to help you choose which plan will work best for your unique lifestyle.