Pricing for Medium and Large Businesses

All electricity customers in Ontario pay the Hourly Ontario Energy Price (HOEP). For medium and large businesses with a monthly peak demand of 50 kilowatts or more, HOEP appears as separate line item on their bill.

The HOEP is determined in Ontario’s wholesale electricity market based on offers to supply electricity and bids to purchase. The HOEP changes throughout the day. Businesses that can shift their energy use to times of the day when the HOEP is lowest will see significant reductions in their electricity bills. 

Hourly Ontario Energy Price (HOEP) | Electricity Pricing Explained

All electricity customers in Ontario by the Hourly Ontario Energy Price (HOEP). The HOEP is determined in Ontario's wholesale electricity market, representing the base cost to produce electricity in the province. For medium and large businesses, HOEP appears as a separate line item on their bill.

Global Adjustment | Electricity Pricing Explained

All electricity customers in Ontario pay Global Adjustment (GA), which covers the base costs for running the electricity system, including new infrastructure, regulated rates to suppliers under contract and energy efficiency programs. For medium and large businesses, GA appears as a separate line item on their bill.

Ways to Better Manage Electricity Costs

The market price for electricity changes throughout the day, week and season, which offers opportunities for businesses to take advantage of lower prices by making adjustments to when they use electricity.

  • Energy Efficiency: Save on Energy programs are delivered by the IESO and include tools for investing in energy-saving projects, technologies and capabilities.
  • Demand Response: With demand response, customers reduce their electricity use during periods of high demand when the cost of producing electricity is high. This reduces stress on the electricity system while reducing electricity bills.
  • Self-Generation: New technologies offer customers a wider range of options for meeting their electricity needs. Business customers can now choose to supply some (or all) of their electricity through onsite electricity generation assets and controls.
Bottom Line on Energy Management brochure cover page.

Bottom Line on Energy Management

Explore new approaches to managing your electricity use and reduce your costs. The Bottom Line on Energy Management brochure has everything you need to know about making Ontario’s electricity system work for your business.