What are the current electricity rates and pricing plans?

Toronto Hydro Electric provides various electricity rates and pricing plans designed to accommodate different consumption patterns and customer needs. The rates are typically structured around two main pricing models: time-of-use rates and tiered rates. Time-of-use rates operate on a schedule that assigns different prices for electricity based on the time of day. These periods usually include off-peak, mid-peak, and on-peak hours. During off-peak periods, which usually occur in the evening and overnight, the cost of electricity is lower. Mid-peak hours offer a moderate rate, and on-peak hours, which typically fall during the day when demand is highest, carry the highest rates. Tiered rates, on the other hand, charge customers based on the amount of electricity consumed during a billing cycle. Customers receive a certain amount of electricity at a lower rate, and any usage beyond this threshold is charged at a higher rate. It is important to note that electricity rates are subject to change, typically on a quarterly basis, to reflect market conditions and energy supply costs. To find the most current rates, including specific dollar amounts for both pricing models, it is advisable to visit the official Toronto Hydro Electric website. The website provides up-to-date information on rates, detailed pricing plans, and additional resources to help customers understand their electricity usage and costs.