Residential rates and charges

Understanding current rates and how they're set.

Rates as of January 1, 2024

Toronto Hydro has received approval from the Ontario Energy Board (OEB) to implement changes to its Delivery Charges, effective January 1, 2024. Delivery Charges cover the cost of getting power from generators to you and ensuring electricity is available when you need it.

These charges will be automatically applied to your bill — no customer action is required.

In addition, the OEB announced an update to Regulatory Charges effective January 1, 2024.

Electricity rates

Eligible customers on the Regulated Price Plan (RPP) have the option to choose between Time-of-Use (TOU), Ultra-Low Overnight (ULO) and Tiered price plans. Visit our Customer Choice page to learn more and determine which plan works best for you.

As of November 1, the OEB moved to winter time periods. TOU rates are listed in the following table, which also indicates the hours to which these rates apply.

Winter price periods from November 1, 2023 to April 30, 2024

TOU period Hours Price
Off-peak Weekdays from 7 p.m. to 7 a.m. and all day weekends and holidays 8.7¢ per kWh
Mid-peak Weekdays from 11 a.m. to 5 p.m. 12.2¢ per kWh
On-peak Weekdays from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. 18.2¢ per kWh

These rates cover the cost of electricity purchased on your behalf. Toronto Hydro collects this cost from you, without mark-up, and pays it directly to our suppliers.

View the OEB's TOU and ULO holiday schedule

As of May 1, 2023, the OEB introduced a new ULO price plan for RPP customers. ULO rates are listed in the following table, which also indicates the hours to which these rates apply.

ULO price periods are the same in the winter as they are in the summer — the following pricing is in effect from November 1, 2023 to April 30, 2024

 
ULO period Hours Price
Ultra-low overnight Every day from 11 p.m. to 7 a.m. 2.8¢ per kWh
Weekend off-peak Weekends and holidays from 7 a.m. to 11 p.m. 8.7¢ per kWh
Mid-peak Weekdays from 7 a.m. to 4 p.m. and 9 p.m. to 11 p.m. 12.2¢ per kWh
On-peak Weekdays from 4 p.m. to 9 p.m. 28.6¢ per kWh

These rates cover the cost of electricity purchased on your behalf. Toronto Hydro collects this cost from you, without mark-up, and pays it directly to our suppliers.

View the OEB's TOU and ULO holiday schedule

As of November 1, the OEB moved to winter tier thresholds. Tiered rates are listed in the following table, which also indicates the updated thresholds to which these rates apply.

Winter pricing tiers from November 1, 2023 to April 30, 2024

Price tier Description Price
Tier 1 Residential customers: up to 1,000 kWh/month 10.3¢ per kWh
Tier 2 Residential customers: more than 1,000 kWh/month 12.5¢ per kWh

These rates cover the cost of electricity purchased on your behalf. Toronto Hydro collects this cost from you, without mark-up, and pays it directly to our suppliers.

You may choose to purchase your electricity from another company by entering a contract with a licensed electricity retailer. Your contract specifies a fixed electricity price for a set number of years. Please note that the fixed price is not regulated by the OEB.

Learn more about electricity retailers

Delivery Charges

Toronto Hydro received approval from the OEB to implement changes to its Delivery Charges, effective January 1, 2024.

Delivery Charges cover the cost of delivering electricity from the generator to Toronto Hydro, and then to your home or business. This includes costs to build and maintain transmission and distribution lines, towers and poles, and to operate provincial and local electricity systems.

Refer to the following tables for current charges and credits. For an explanation of the charges and credits, please refer to the list of terms and definitions at the bottom of the page.

Distribution charges and credits

Charge/credit name Rate
Customer $45.30 per 30 days
Rate Rider for Disposition of Accounts Receivable - $0.10 per 30 days
Rate Rider for Disposition of Capital Related Revenue Requirement Variance Account - $2.17 per 30 days
Rate Rider for Disposition of PILs and Tax Variance - $0.31 per 30 days
Rate Rider for Smart Metering Entity $0.41 per 30 days
Rate Rider for Disposition of Stranded Meter Assets - $0.02 per 30 days
Rate Rider for Disposition of Wireless Pole Attachment Revenue - $0.01 per 30 days

Delivery Charges and credits

Charge/credit name Rate
Rate Rider for Disposition of Capacity Based Recovery Account - $0.00013 per kWh
Rate Rider for Disposition of Deferral/Variance Accounts $0.00444 per kWh

Transmission charge

Charge name Rate
Transmission $0.02069 per kWh

This service class is also known as "Competitive sector multi-unit residential." Refer to the following tables for current charges and credits. For an explanation of the charges and credits, please refer to the list of terms and definitions at the bottom of the page.

Distribution charges and credits

Charge/credit name Rate
Customer $37.16 per 30 days
Rate Rider for Disposition of Capital Related Revenue Requirement Variance Account - $1.45 per 30 days
Rate Rider for Disposition of PILs and Tax Variance - $0.21 per 30 days
Rate Rider for Disposition of Wireless Pole Attachment Revenue - $0.01 per 30 days
Rate Rider for Smart Metering Entity $0.41 per 30 days

Delivery Charges and credits

Charge/credit name Rate
Rate Rider for Disposition of Capacity Based Recovery Account - $0.00013 per kWh
Rate Rider for Disposition of Deferral/Variance Accounts $0.00399 per kWh

Transmission charge

Charge name Rate
Transmission $0.02069 per kWh

Have a question about rates?

Get answers to our most frequently asked questions.

Learn more about rates

Regulatory charges

The OEB announced an update to Regulatory Charges, effective January 1, 2024.

Regulatory charges are the costs of administering the wholesale electricity system and maintaining the reliability of the provincial grid.

Refer to the following table for current charges. For an explanation of the charge, please check out the list of terms and definitions at the bottom of the page.

Regulatory charges

Charge name Rate
Standard Supply Service – Administration (if applicable) $0.25 per 30 days
Wholesale Market Service $0.0059 per kWh

Additional charges

Effective July 1, 2010, a Harmonized Sales Tax (HST) of 13% is applied to electricity bills. The implementation of HST is mandated by the Province of Ontario. For information on HST, please visit the Ontario Ministry of Revenue or call the HST hotline at 1-800-337-7222.

The provincial government announced an increase to the OER from 11.7% to 19.3%, effective November 1, 2023. The Ontario government introduced the OER as an expanded rebate providing bill relief that is applied to customer bills, largely offsetting price changes on the electricity line. The rebate is applied to bills for most residential consumers, long-term care homes, farms and many small businesses.

Learn more about the OER

These charges are applied to current customers who have an unmetered electric water heater billed by Toronto Hydro on a flat rate basis. Toronto Hydro no longer offers this flat rate billing option for new customers.

As of May 1, 2002, flat rate (unmetered) water heater energy usage is billed on an estimated average daily kWh basis. Your estimated usage is determined by the size of your water heater, the wattage of the water heater electric elements and the number of days in the billing period. If you have an unmetered electric water heater, you're being billed the higher tiered rate of the Regulated Price Plan.

If you have any questions, please visit our contact page to reach us by phone or using our online contact form.

Other charges/credits may include miscellaneous adjustments to prior billed electricity amounts, or charges for other specific services. View a list of specific service charges that may be applied to your bill statement.

Terms and definitions

Customer Charge
The Customer Charge covers, together with the Distribution Charge, the costs Toronto Hydro incurs to deliver electricity to your home, building and maintaining the distribution system, administration and billing.
Transmission Charge
This charge covers the costs involved to transmit electricity from generators to the city. Toronto Hydro passes this cost through to you, without mark-up. The increase in the Transmission Charge, by 0.178¢ per kWh, reflects the cost of transmission services provided by Hydro One to Toronto Hydro.

Rate Riders
Rate riders are temporary costs or credits on utility bills. The rate rider is a mechanism used to flow through costs that are incurred by a distribution utility or refunds provided to the distribution utility, that were not included in its tariff distribution rates at the time those rates were approved by the OEB. All rate riders must be approved by the OEB before they are applied to customer bills
Disposition of Accounts Receivable Credits
This credit (refund) reflects a number of historical small final credit balances that did not receive a refund cheque.
Disposition of Capacity Based Recovery Account
This credit (refund) recovers the difference between the cost of CBR program in the wholesale energy market and CBR amounts billed to Class B customers.
Disposition of Capital Related Revenue Requirement Variance Account
This credit (refund) reflects the variance between approved and actual capital related revenue requirement.
Disposition of Deferral/Variance Account
This charge reflects the clearance of residual balances for accounts relating to variances for a number of energy related pass through costs.
Disposition of PILs and Tax Variance
This credit (refunds) reflects the savings in payment in lieu of taxes due to introduction of Bill C-97.
Disposition of Stranded Meter Assets
This credit (refund) to the customers is related to stranded costs associated with removal of conventional meters.
Disposition of Wireless Pole Attachment Revenue
This credit (refund) is associated with wireless pole attachments.
Smart Metering Entity Charge
On April 14, 2022, the OEB approved a decrease of the Smart Metering Entity (SME) Charge to be collected from customers effective from January 1, 2023 to December 31, 2027, on behalf of the SME. This charge recovers costs incurred by the SME to collect, manage, store and retrieve information related to the metering of these customers’ electricity usage in Ontario.

Standard Supply Service – Administration Charge (if applicable)
This is an administration charge of $0.25 stated on a 30-day basis. If your billing period is different than 30 days, the RPP administration charge will be prorated accordingly. This is a service charge for customers who haven’t contracted with an electricity retailer for their energy supply.
Wholesale Market Service Charge
This charge covers costs such as market regulation and management of the system. Toronto Hydro collects this charge, without mark-up, on behalf of the Independent Electricity System Operator (IESO).