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    With Time-of-Use electricity prices, when you use electricity is just as important as how much electricity you use.

    This simple guide for small business will show you how Time-of-Use prices work and how to make them work for you.

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The type of equipment you use, your hours of operation and even your business routines will all affect your electricity costs. Learn how.

Total Monthly Costs So Far

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Monthly
Savings

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Hourly Costs for a Typical Business Day (in $)

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weekdays  weekdays
off-peak    mid-peak   on-peak

weekends bar color green  weekends and holidays

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Business Type

What type of business do you run?

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Profile

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Time-of-Use price periods change depending on the season. In Summer (May to October), on peak prices take place in the afternoon. In Winter (November to April), they occur in the morning and evening.

 
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Operation Hours

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Which days are you open?

What are your operation hours on weekdays?

Operating hours on weekends?

 
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Heating and Cooling

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What type of electric climate control do you use if any?

Consumption profiles are based on typical use for each appliance and are provided for informational purposes only. Your equipment and consumption patterns may differ from those shown here.

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Lighting

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What type of lighting do you use?

Consumption profiles are based on typical use for each appliance and are provided for informational purposes only. Your equipment and consumption patterns may differ from those shown here.

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Equipment

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What type of equipment do you run?

Consumption profiles are based on typical use for each appliance and are provided for informational purposes only. Your equipment and consumption patterns may differ from those shown here.

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Ideas to Conserve

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Shift / conserve options

There are a number of opportunities for you to shift usage to alternate times. Select from the list below and click Apply to see your potential savings

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Next Steps

Now it’s up to you ...

Small Business

As you’ve seen with this online calculator, small steps to reduce or shift your energy use can deliver results. While this graph can only give you an indication of how much you can save through energy management, it can help get you started in the right direction. And don’t forget, there’s help to get you on your way to better energy efficiency:

Save on Energy financial incentives can help your business offset the costs of replacing and purchasing new energy efficient technology.

  • Small Business Lighting
    Incentives are available for small businesses to receive up to $2,000 for energy-efficient lighting and equipment upgrades.
  • Business Refrigeration Incentive
    Free assessment and installation of commercial refrigeration products up to $2,500 for small- to medium-sized businesses with commercial refrigeration systems.
  • Retrofit Program
    Financial incentives for replacing existing equipment with high-efficiency equipment, and installing new control systems to improve efficiency of operational procedures and processes.

Powered by the Independent Electricity System Operator (IESO) and offered by local hydro companies, Save on Energy supports businesses to realize the many benefits from using energy wisely.
For more information about how energy efficiency can help your business achieve its energy saving targets, visit www.saveonenergy.ca/business or contact your local hydro company.

As more businesses move to Time-of-Use Rates, they’re learning how to take control of the energy use – and their energy costs. By reducing or shifting their energy use during on-peak periods, they can avoid higher prices and contribute to a more sustainable and reliable energy system. If you are not sure whether you are paying Time-of-Use rates, check your bill or call your local hydro company.

Time-of-Use rates

Most Ontarians are paying Time-of-Use rates. This means that electricity prices will change depending on what time of day it is or whether it’s a weekday or a weekend.

Times-of-Use rates are regulated prices set by the Ontario Energy Board and are reviewed every six months.

Here are the current prices, effective July, 1 2017 – October 31, 2017.

  • Off-peak: 6.5 cents/kWh
  • Mid-peak: 9.5 cents/kWh
  • On-peak: 13.2 cents/kWh

There are a variety of other online tools available to help you better understand Time-of-Use rates:

  • The IESO provides a calendar showing the various Time-of-Use price periods on its web site.
  • Learn about your home usage by plugging into Kilowatt Way. Powered by the IESO, Kilowatt Way helps you visualize everyday energy usage and implement easy adjustments that make sense for your home.
  • The commodity cost accounts for roughly half of your bill. The OEB offers on online calculator that will help you estimate all the charges on your bill.
  • Many utilities also offer online access to hourly consumption data from smart meters. If you are on TOU rates, call your local hydro company to find out if you can log-on and start to track your energy consumption online.