Electricity Rates & Options
If you’re a residential or small business customer that pays Time-of-Use (TOU) electricity prices, you can choose to switch to Tiered prices beginning November 1, 2020.
To switch from TOU to Tiered prices, you will need to notify Oakville Hydro either by completing an election form or by contacting us at 905-825-9400 (Monday to Friday, 8:30 AM to 4:30 PM).
You may wish to continue paying TOU prices for your electricity. In that case, no action is required.
Summer TOU and Tiered Pricing
May 1 to October 31, 2022
The Ontario Energy Board (OEB) announced no changes to summer TOU and Tiered rates effective May 1 to October 31, 2022 for residential and small business customers on TOU and Tiered pricing under the Regulated Price Plan (RPP). Summer TOU hours will take effect on May 1 as usual. The Tiered threshold for residential customers on Tiered pricing is now 600kWh (from 1,000kWh).
To learn more about your current bill, click here for TOU and here for Tiered. To view TOU pricing effective February 8 to April 30, 2022, visit our website at this link. To view Tiered pricing effective February 8 to April 30, 2022, visit our website at this link.
Ontario Electricity Rebate
On November 1, 2019, the Ontario Electricity Rebate (OER) started being applied to bills for most residential consumers, farms and many small businesses. Effective November 1, 2021 the Ontario government’s Ontario Electricity Rebate (OER) will be changed to 17.0% (from 18.9%).The OER is a pre-tax credit that appears at the bottom of electricity bills. For a typical residential customer living in Oakville who uses 700 kWh of electricity per month with TOU pricing, the OER would decrease bills by approximately $20.30 per month. For a typical residential customer living in Oakville who uses 700 kWh of electricity per month with Tiered pricing, the OER would decrease bills by approximately $19.62 each month.
It will continue to appear on your hydro bill as a single item. To learn more about the Ontario Electricity Rebate, visit the Ontario Energy Board website at this link.
Distribution Charges - January 1, 2022 to December 31, 2022
At Oakville Hydro, we purchase the electricity we deliver to customers at market prices and earns no margin on the sale of the commodity. Oakville Hydro’s charges account for approximately 19% of the total bill for a typical residential customer.
The other charges on your bill are collected by Oakville Hydro on behalf of other electricity market participants, including generators, transmitters, retailers and regulators.
Frequently Asked Questions
Do you have questions about electricity rates? Find answers to frequently asked questions.