“Ultra-low” overnight utility rates now available in Mississauga, Brampton, Hamilton and St. Catharines
Published September 26, 2023 at 10:59 am
Alectra Utilities, which serves Mississauga, Brampton, Hamilton, St. Catharines and other towns and cities in southern Ontario, recently announced the launch of its new ultra-low overnight (ULO) pricing.
In a news release, Alectra said ULO pricing is based on the day of the week and time of day electricity is used, but with an ultra-low overnight rate that encourages shifting high electricity-usage activities to the lower overnight demand periods.
“This pricing option is based on a pilot project we did several years ago,” said Brian Bentz, president and CEO of Alectra Inc, in a statement.
“The great thing about this rate option is that it rewards customers who are electric vehicle (EV) users who can charge at home overnight, and others who can shift their general electricity use to overnight periods. It also helps our distribution system by reducing strain on the grid at peak times, such as during heat waves or cold snaps.”
ULO has four price periods, including the ultra-low overnight period between 11 p.m. and 7 a.m. when electricity demand is lowest on average and a higher on-peak price from 4 p.m. to 9 p.m. on weekdays, when demand is usually higher.
The ULO price periods are the same all year round, and the new rate is now available alongside its existing time-of-use and tiered rate options.
insauga's Editorial Standards and Policies advertising