Average Monthly Hydro Bill in Ontario: 2024 Update & Cost Drivers

As of 2024, the average monthly residential electricity ("hydro") bill in Ontario is approximately $130–$160 for typical consumption (750 kWh/month), per the Ontario Energy Board (OEB) and utility reports. This reflects the Regulated Price Plan (RPP) time-of-use (TOU) rates effective Nov 1, 2023.

Current TOU Rates (¢/kWh)

• Off-peak (7 PM – 7 AM weekdays, all weekend/holidays): 8.7 ¢
• Mid-peak (7 AM – 11 AM, 5 PM – 7 PM weekdays): 12.2 ¢
• On-peak (11 AM – 5 PM weekdays): 18.2 ¢

Bill Components

1. Electricity commodity (~50%): Generation cost (nuclear, hydro, gas, wind, solar).
2. Delivery (~30%): Transmission (Hydro One) + Distribution (local utility: Hydro One, Alectra, Toronto Hydro, etc.).
3. Regulatory & Other (~10%): OEB costs, IESO admin, Rural/Remote Rate Protection.
4. HST (13%): On subtotal.
5. Ontario Electricity Rebate (OER): 19.3% credit on pre-HST total (reduces effective rate).

What Drives Your Bill

• Usage pattern: Shifting load to off-peak saves 20–30%.
• Heating/cooling: Electric heat/AC = biggest variable.
• Home efficiency: Insulation, windows, appliances.
• Utility: Delivery charges vary by distributor (rural > urban).
• Class: RPP (most residential) vs. retailer contract vs. HOEP (market).

How to Lower It

• Run dishwasher/laundry off-peak.
• Smart thermostat + heat pump.
• Seal drafts, upgrade insulation.
• Compare retailer offers (OEB Bill Calculator).
• Apply for Ontario Electricity Support Program (OESP) if low-income.

Check your bill or utility account for exact usage & rates. OEB's online calculator gives personalized estimates.