Customer Choice: Time-of-Use (TOU) vs. Tiered
October 13, 2020
On September 8, 2020, the Ontario Energy Board (OEB) issued a notice advising of the adoption of final amendments to the Standard Supply Service Code (SSSC) (Notice). These amendments, which come into force on October 13, 2020, will enable electricity consumers on the Regulated Price Plan (RPP) to opt out of Time-Of-Use (TOU) prices and to elect instead to be charged on the basis of tiered pricing.
If you’re a residential or small business customer that pays TOU electricity prices, you can choose to switch to Tiered prices beginning November 1, 2020.
If you want to continue paying TOU prices, no action is required.
To switch from TOU to Tiered prices, customers must notify Westario Power by completing an election form. Westario Power will begin accepting election forms on October 13, 2020. There is no deadline. You can ask to switch at any time. Note: Applications received less than 10 business days before the beginning of the next billing period will be processed for the next billing period after that.
Since June 1, 2020, customers on TOU have been paying a fixed electricity price of 12.8 ¢/kWh for all hours of the day (known as the COVID-19 Recovery Rate) which the government put in place as part of the its response to the COVID pandemic. This fixed price ends on October 31, 2020. On November 1, 2020 the TOU prices approved by the Ontario Energy Board (OEB) will replace the fixed price.
There is no guarantee you will save money if you switch from TOU to Tiered prices. The total bill impact of switching will vary depending on how much electricity you consume in a month and when it is consumed during the day.
Considering a switch to Tiered prices? For more information, go to oeb.ca/choice and use our bill calculator to compare what your bill might look like if you switched from TOU to Tiered pricing.
Westario Power Inc. will begin accepting election forms on October 13, 2020 — RPP Election Form
Completed applications can emailed to [email protected]; faxed to 519-507-6887; or mailed/dropped off in the after-hours drop box: 24 Eastridge Road, RR# 2 Walkerton, ON N0G 2V0