How do time-of-use prices compare to wholesale rates?
Time-of-use prices are set to reflect the trends in wholesale rates by looking at what hourly prices have been over the previous six months, as well as a forecast of future prices over the next year. Time-of-use prices are designed to provide the benefits of variable rates while avoiding the volatility that is seen with the hourly wholesale prices. You can see the changes in average monthly and yearly wholesale prices since 2002. Note that the prices posted here do not include adjustments such as the Provincial Benefit that are incorporated in the time-of-use prices.
