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Is it cheaper to do laundry on weekends in Ontario?

On weekends and holidays the cheapest rates are in effect all day. View the Holiday Schedule for Time-of-Use and Ultra-Low Overnight. 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.

How are electricity rates determined in Ontario?

The HOEP is the average of the twelve market clearing prices (MCP) set in each hour. A new MCP is set every five minutes. Averages are weighted by the amount of electricity used throughout the province within each hour.

What is the cheapest time of day to use electricity?

Electricity is often cheaper late at night or early in the morning, so you can save on your electric bill if you run your heaviest loads during those times. These are typical off-peak hours when not as many people are using electricity.

How does the electricity market work in Ontario?

In Ontario, the process by which suppliers sell to distributors is governed by the wholesale electricity market. The IESO administers and evolves Ontarios electricity markets in order to foster competition among suppliers and ensure fair and affordable pricing for ratepayers.

Why are Ontario electricity rates so high?

The crux of the problem are increases in the cost of supply from high-cost contracts spread over less electricity consumption than forecast when the contracts were struck. The result has been upward pressure on prices that has only been mitigated by government rebates that have shifted costs to taxpayers.

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What is the cost per kWh of electricity in Ontario?

Current prices ULO Price PeriodsAll YearULO Prices (/kWh) Ultra-Low Overnight Every day 11 p.m. - 7 a.m. 2.8 Weekend Off-Peak Weekends and holidays 7 a.m. 11 p.m. 8.7 Mid-Peak Weekdays 7 a.m. 4 p.m. and 9 p.m. to 11 p.m. 12.2 On-Peak Weekdays 4 p.m. 9 p.m. 28.6

How are electricity prices set in Ontario?

The IESO Accepts Bids Until Ontarios Demand is Met: The IESO reviews and accepts bids, starting with the lowest-cost options, until enough energy is secured to meet Ontarios demand. This process sets a new clearing price every five minutes. The HOEP is the average of the 12 clearing prices set in any given hour.

What are peak hours for electricity in Canada?

Demand is highest during on-peak period: summer weekdays between 11 a.m. to 5 p.m. winter weekdays between 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m.

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Is it cheaper to do laundry on weekends in Ontario?

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What is the cost per kWh of electricity in Ontario?

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Get the up-to-date Utility Rate Schedules 2024 now

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Is it cheaper to do laundry on weekends in Ontario?

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How does the electricity market work in Ontario?

Why are Ontario electricity rates so high?

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What is the cost per kWh of electricity in Ontario?

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