Hydro Ottawa customers can now switch to Ontario’s new ultra-low overnight electricity rate plan which comes into effect on Nov. 1
Posted Oct 18, 2023 01:42:51 PM.
Last Updated Oct 18, 2023 01:42:59 PM.
Hydro Ottawa customers have the option of switching to Ontario’s new ultra-low overnight rate plan.
The new plan comes into effect on Nov. 1.
The provincial government announced earlier this year a plan to provide low prices for the usage of electricity between the hours of 11 p.m. and 7 a.m.
Ontario Energy Minister Todd Smith said the new plan can save people up to $90 a year.
Pricing depends on the day of the week and time of day that customers are using electricity. The ultra-low overnight electricity rate plan has four price periods: on-peak, mid-peak, weekend off-peak, and ultra-low-overnight. The new plan sets a very low price for the overnight period, however, the on-peak price is significantly higher.
Customers who do not wish to make a change will continue to be billed under their current rate plan. The option to change their rate plan will always be available, and will take effect in their subsequent billing cycle.
The Ultra-low overnight rate option will be available to all individually-metered residential and small business customers. It will not be available to most commercial and industrial customers, or residential multi-unit buildings that are bulk metered.
More information can be found here.
