Effective May 1st, Grimsby Power will commence billing based on Time-of-Use energy consumption. This replaces the two-tiered system of billing that has been in effect since 2005 and means consumers can save on their cost of power by using electricity in the evenings and on weekends, rather than during daylight hours on weekdays.
The Ontario Government has mandated all Ontario Electricity Distributors to install smart meters and implement time-of-use (TOU) pricing. This applies to all Residential and Low Volume customers. Grimsby Power completed the installation of smart meters in nearly all homes in 2011. All Grimsby Power residential and small commercial customers, with the exception of those who pay for their electricity on a contract with an energy retailer, will have switched over to the new Time-of-Use rate structure for electricity usage beginning on May 1, 2012. Customers will receive their first TOU Invoice in June 2012.