Ontario electricity rates Nov. 1, 2026: new TOU prices

Ontario’s regulated electricity prices change on Nov. 1, 2026: time-of-use off-peak falls to 9.1 cents per kilowatt hour from 9.8 cents, tiered Tier 1 drops to 11.2 cents, and the Ontario Electricity Rebate moves to 15.7 per cent, the Ontario Energy Board and the province said.

Updated Oct. 21, 2026

The board sets Regulated Price Plan prices once a year on Nov. 1. They apply to most homes and small businesses that buy power from their local utility rather than from a retailer. Other provinces set rates on their own schedules, and this guide covers Ontario only. Clock changes on the same weekend do not alter these hours, but readers can check which provinces turn their clocks back on Nov. 1.

New prices from Nov. 1, 2026

The prices below are from the Ontario Energy Board’s electricity rates page. The previous-year figures come from CP24’s report on Oct. 19; the board’s page does not list them.

Time-of-use hours

From Nov. 1 to April 30, the board lists weekday off-peak hours as 7 p.m. to 7 a.m. Weekends and holidays are off-peak all day. Mid-peak is 11 a.m. to 5 p.m. on weekdays. On-peak is 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. on weekdays.

From May 1 to Oct. 31, the mid-peak and on-peak windows swap. Weekday on-peak is 11 a.m. to 5 p.m., and mid-peak is 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. The board’s page does not say whether the winter hours changed from last year.

Ultra-low overnight hours

The ultra-low overnight plan uses the same schedule all year. Ultra-low overnight is every day from 11 p.m. to 7 a.m. Weekend off-peak is 7 a.m. to 11 p.m. on weekends and holidays. Mid-peak is weekdays from 7 a.m. to 4 p.m. and 9 p.m. to 11 p.m. On-peak is weekdays from 4 p.m. to 9 p.m., priced at 37.7 cents.

Tiered pricing threshold

Tiered customers pay the lower Tier 1 price up to a monthly limit. The board lists the residential limit as 1,000 kWh a month in winter (Nov. 1 to April 30) and 600 kWh a month in summer (May 1 to Oct. 31). Non-residential customers have a 750 kWh limit all year.

The province said the seasonal change in the threshold “provides for an additional 400 (kilowatt hours) of electricity per month at the lower price in the Winter,” CP24 reported.

Worked examples

These examples use only the electricity prices above. They leave out delivery, regulatory charges, taxes and the rebate, all of which appear on a bill.

A tiered household that uses 700 kWh in a winter month stays under the 1,000 kWh limit, so all 700 kWh cost 11.2 cents, or $78.40. A household that uses 1,200 kWh pays 1,000 kWh at 11.2 cents ($112.00) and 200 kWh at 13.2 cents ($26.40), for $138.40.

On time-of-use, 100 kWh used off-peak costs $9.10, while the same 100 kWh used on-peak costs $18.90. On the ultra-low overnight plan, 100 kWh used between 11 p.m. and 7 a.m. costs $3.70, but 100 kWh used on a weekday between 4 p.m. and 9 p.m. costs $37.70.

Ontario Electricity Rebate

The province said the Ontario Electricity Rebate will change to 15.7 per cent on Nov. 1, CP24 reported. The province said a typical customer using 700 kWh a month will see bills fall by $23 a month. CP24 reported the previous rebate lowered bills by about $36 a month.

Noah Mawji, a spokesperson for Energy Minister Stephen Lecce, said in a statement that the government “continues to keep electricity costs down for Ontario families.” The statement said the rebate saves an average family nearly $275 a year.

CP24 also reported the Ontario Energy Board said the overall rate of increase for customer bills will remain consistent with previous years. The board’s rates page does not publish a typical bill change.

How to pick a plan

Customers on time-of-use or ultra-low overnight plans are billed by when they use power, so shifting laundry, dishwashers and car charging to off-peak or overnight hours changes the bill. Ultra-low overnight rewards heavy overnight use, such as electric vehicle charging, and punishes weekday evenings. Local utilities handle plan changes, and Toronto Hydro explains the options on its customer choice page.

Other cost-cutting moves are also in the news, including the federal $2-billion heat pump rebate of up to $10,000, and a list of new rules taking effect Jan. 1, 2027.

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Sources: Ontario Energy Board, electricity rates; CP24, Oct. 19, 2026; Toronto Hydro.