Since January 1, 2021, customers on Time-of-Use (TOU) and Tiered prices paid a fixed electricity price of 8.5 ¢/kWh for all hours of the day (the COVID-19 Recovery Rate) which the Government of Ontario put in place as part of its relief response. As this fixed rate ended on February 22, 2021, customers on TOU pricing will have a choice to remain on TOU (in which case no action is required) or to switch to Tiered pricing. There’s no deadline to make the switch. In addition, you'll have the flexibility to request a switch back at any time, as your needs change.
Try our Switch Calculator to see if you’d be better off financially by making a switch to Tiered pricing. With the calculator below, enter the information from a current bill to see the monthly difference by making a switch from Time-of-Use (TOU) to Tiered pricing.