Is Your Hydro Supplier Switching To Time Of Use Charges? - Will It Cost You More Or Less?

Is Your Hydro Supplier Switching To Time Of Use Charges? - Will It Cost You More Or Less?

Over the last year we have used on average 40 kWh per day. On a 30 day month that is 1,200 kWh. Our service provider, Hydro One, charges us .058 per kWh for the first 1,000 kWh and .067 for the balance making our current average hydro "usage" bill $71.40 or about $2.38 a day. This does not include the other charges on our Hydro bill. 

 

 With Hydro One switching to time of use meters that will soon change.  Under time of use billing there are three rates, peak at .093, mid range at .08 and off peak at .044 per kWh.

If we were able to regulate our consumption to a set amount per hour all day long our bill would go down from $71.40 to $67.12.

Under time of use billing With This Scenario
Our savings would be $4.28 a month 

 

 

What Is More Likely To Happen is our cost will increase as we consume more hydro per hour during the peak times than the off peak times.

While we do not yet know what our consumption will be during the different times we can work out a sample using some assumptions. If we assume that 50% of our hydro consumption is during peek times and 25% is during our off peak and mid range times equally then our bill will rise to $83.24 from the current $71.40

Under time of use billing With This Scenario
Our additional cost would be $11.76 a month

It would rise even more except for the fact that at lease 8 days of the month will be at the off peak rate as weekends and statutory holidays are considered off peak times.

This Leaves us with the question ... How hard will you work to keep your Hydro Bill from going up?