Choosing Your Price Plan

If you’re a residential or small business customer, you can choose to switch between Time-of-Use (TOU), Tiered or Ultra-Low Overnight (ULO) prices. Watch the video below to Learn more.
 
The best price plan for you will depend on your electricity consumption patterns. If you want to stay with your current price plan, no action is required. There is no deadline to choose, and you will not be permanently locked into your selection. Find more info here, Choosing your electricity price plan | Ontario Energy Board. 
 

 

Switching Electricity Price Plans

All three options are available to eligible smart metered customers. Please complete the election form. For Tiered and TOU , you also have access to see price plans and request to change plans through the Price Comparison page in My Account
 
After You Submit an Election Form, in most cases, if you choose to change today, the new pricing will apply to the next month's full billing period.

 

Tools to Help Your Decision Making

Use the Ontario Energy Board bill calculator to help you estimate your monthly electricity costs and compare different pricing options. Please find it here, Tools & Calculators | Eastern Ontario Power.
 
 

Time-Of-Use Pricing (TOU)

Electricity prices vary depending on the time of day electricity is used. Different rates apply during on-peak, mid-peak, and off-peak periods.
 
  • Off-peak, when demand for electricity is generally lower. Ontario households use most of their electricity – nearly two thirds of it – during off-peak hours.
  • Mid-peak, when demand for electricity is moderate. These periods are during the daytime, but not the busiest times of day.
  • On-peak, when demand for electricity is generally higher. These are the busier times of day – generally when people are cooking, starting up their personal electronics and running heaters or air conditioners.
TOU price periods are different in the summer (May 1 – October 31) than they are in the winter (November 1 – April 30).
 
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Tiered Pricing

With Tiered prices, you can use a certain amount of electricity each month at a lower price. Once that limit (called a threshold) is exceeded, a higher price applies. Thresholds vary between summer and winter periods.
 
  • In the winter period (November 1 – April 30), the Tier threshold for residential customers is 1,000 kWh, so that during the heating season households can use more power at the lower price. 
  • In the summer period (May 1 – October 31), the Tier threshold for residential customers is 600 kWh. The Tier threshold for small business customers is 750 kWh all year round.
Tiered prices give you the flexibility to use electricity at any time of day at the same price, although that price will change if you exceed the threshold during the month
 
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Ultra-Low Overnight (ULO)

In April 2023, the Ontario Energy Board (OEB) announced a new electricity price plan, Ultra-Low Overnight (ULO), which offers more choice to residential and small business customers. Algoma Power Inc. is meeting our regulatory obligation by offering ULO to our customers starting November 1, 2023. 
 
The new ULO price plan, offered in addition to the Time-of-Use (TOU) and Tiered price plans, has four price periods, one of which is a very low-priced overnight period. 
 
  • Ultra-Low Overnight, when demand for electricity is lowest on average.
  • Weekend Off-peak, when demand for electricity is generally lower.
  • Mid-peak, when demand for electricity is moderate.
  • On-peak, when demand for electricity is highest on average.
The ULO price periods are the same in the summer as they are in the winter.  With ULO pricing, you can help manage your electricity costs by shifting high usage activities, like electric vehicle charging, to lower price periods when possible.
 
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