ANALYSIS: Ontarians pay almost 55% more for on-peak winter electricity than ten years prior

Some of the following info comes from the Ontario Energy Board (

All percentage calculations have been calculated by Broderick Visser of Diverge Media

When compared to ten years earlier, in 2010, Ontarians paid 9.9¢/kWh or 11.8¢/kWh less than they will this year for on-peak winter hours. That’s a 54.4 per cent increase in ten years for on-peak hours.

On Nov. 1, 2020 Ontarians began paying winter time-of-use rates for electricity. The new on-peak rate this year is 21.7 ¢/kWh on weekdays between 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m.

On-peak, mid-peak and off-peak winter electricity pricing

The following data was extracted from the Ontario Energy Board’s website.

As you can see above, the trend has increased (for on-peak pricing) at an average rate of 12.57 per cent per year for the last ten years. (*Note in 2016 to 2017 the cost dropped by 4.8¢/kWh or -0.27 per cent. In 2017 to 2018 there was no increase or decrease).

Winter Tiered Pricing

There is a lower tier price and a higher tier price set for certain customers. They are set prices for a certain amount of consumed kilowatt hours before hitting a threshold where the cost goes up.

Higher tiered pricing has increased at a rate of 8.608 per cent per year for the last ten years, while lower tiered pricing increased at a rate of 7.732 per cent per year for the last ten years.

Time-of-use prices earlier this year:

Since March 24, 2020, the prices that have been by time of use (TOU) customers has been the same no matter what time of day.

March 24, 2020 — June 1, 2020 prices were;

Off-peak price: 10.1¢/kWh
Mid-peak price: 10.1¢/kWh
On-peak price: 10.1¢/kWh

June 1, 2020 — November 1, 2020 prices were;

Off-peak price: 12.8¢/kWh
Mid-peak price: 12.80¢/kWh
On-peak price: 12.80¢/kWh

November 1, 2020 prices are now;

Off-peak price: 10.5¢/kWh
Mid-peak price: $15.0¢/kWh
On-peak price: $21.7¢/kWh