LONDON, ONT. -- New electricity prices allowing residential and small business customers has been introduced in London, effective November 1.
The Ontario Energy Board (OEB) now allows customers to choose between Time-of-Use (TOU) or Tiered price plans.
A price plan comparison tool by London Hydro let's customers see the difference in the payment options.
'MyLondonHydro' through London Hydro provides a personalized comparison based on the customers historical usage.
The TOU price will depend on when electricity is being used while Tiered pricing allows for a certain amount of electricity to be used at a lower price, however if exceeded a higher price will applied.
All customers are encouraged to visit their website to see what price works for them.
