A Game-Changer for EV Owners
Alectra Utilities and Hydro One, two major Ontario utilities, have introduced the ultra-low overnight (ULO) electricity pricing plan, revolutionizing EV charging for consumers. The ULO plan offers substantial cost savings for those who charge their electric vehicles during off-peak hours.
Grid Relief and Savings
Beyond cost savings, the ULO plan eases the strain on the electricity grid during peak times, benefiting both consumers and the distribution system. With four pricing periods, the overnight rate stands out as exceptionally affordable, priced at just 2.4 cents per kWh.
| ULO Price Periods | All Year | ULO Prices (¢/kWh) |
|---|---|---|
| Ultra-Low Overnight | Every day 11 p.m. – 7 a.m. | 2.4 |
| Weekend Off-Peak | Weekends and holidays 7 a.m. – 11 p.m. | 7.4 |
| Mid-Peak | Weekdays 7 a.m. – 4 p.m. and 9 p.m. to 11 p.m. | 10.2 |
| On-Peak | Weekdays 4 p.m. – 9 p.m. | 24 |
Choice and Flexibility
Consumers now have the freedom to choose the ULO rate structure, adding another dimension to their energy billing options alongside time-of-use and tiered pricing. This flexibility empowers consumers to optimize their energy consumption.
Leading the Way
Alectra and Hydro One lead the charge in this innovation. Their proactive approach has prompted other utilities in Ontario to adopt the ULO pricing option for their customers. This initiative is transforming the landscape of EV charging in the province, offering a glimpse into the future of energy efficiency