Ontario Government Launching New Ultra-Low Overnight Hydro Price Plan

The Ontario government is launching a new Ultra-Low Overnight Price Plan as part of its plan to provide consumers with more ways to save money and take control of their energy bills.

Starting May 1, 2023, customers of Toronto Hydro, London Hydro, Centre Wellington Hydro, Hearst Power, Renfrew Hydro, Wasaga Distribution, and Sioux Lookout Hydro can opt-in to this new optional electricity price plan, with all utilities required to offer it to customers within six months.

The new ultra-low overnight rate, set by the Ontario Energy Board, will be 2.4 cents per kilowatt-hour (kWh). Contact your utility provider to learn more.