What are the average electricity rates in Ontario?

The average electricity rates in Ontario can vary based on several factors, including the time of day, the season, and the specific rate plan a customer is on. Ontario has a time-of-use pricing system, which is structured around three pricing tiers: off-peak, mid-peak, and on-peak. Off-peak hours typically offer the lowest rates, while on-peak hours have the highest rates. As of October 2023, the average off-peak rate is approximately 7.4 cents per kilowatt-hour, the mid-peak rate is around 10.2 cents per kilowatt-hour, and the on-peak rate is about 12.6 cents per kilowatt-hour. These rates are intended to encourage customers to use electricity during off-peak times, which can help reduce strain on the grid during peak demand periods. It is also worth noting that there are fixed delivery charges and regulatory costs associated with electricity bills, which can add to the overall expense. Therefore, a customer's total bill will depend on their usage and how much electricity is consumed during varying periods. For the most current rates and detailed information, it is advisable to check Ontario Hydro's official webpage.