AJAX, ON — October 23, 2023 – Elexicon Energy (Elexicon) has launched a new electricity price plan option for its residential and small business customers. The Ultra-Low Overnight (ULO) price plan provides a third option for Elexicon customers, in addition to the existing Time-of-Use (TOU) and Tiered plans. The Ontario government announced the new price plan earlier this year to provide Ontario’s electricity consumers with more choice when it comes to their energy bill.
“Elexicon is pleased to offer a third price plan options for its residential and small business customers,” said Kriston Romano, Vice President of Customer Experience. “This new pricing option offers our customers more flexibility to help manage their electricity costs by shifting high electricity-usage activities, like electric vehicle charging, away from peak times. Additionally, ULO is a positive step towards supporting electrification and a sustainable energy future in Ontario.”
The delivery of this new ultra-low overnight rate is possible as Ontario continues to have excess clean electricity during overnight hours. Shifting electricity use to these hours will allow the province to better leverage Ontario’s clean electricity grid, increasing grid efficiency, resulting in potential capacity cost savings for the electricity system of up to $5.7 million per year, helping to reduce costs for all Ontario ratepayers.
| ULO Price Periods | All Year | ULO Prices (¢/kWh) |
|---|---|---|
| Ultra-Low Overnight | Every day, from 11 p.m. to 7a.m. | 2.4 |
| Weekend Off-Peak | Weekends and holidays, from 7 a.m. to 11 p.m. | 7.4 |
| Mid-Peak | Weekdays, from 7 a.m. to 4 p.m. and 9 p.m. to 11 p.m. | 10.2 |
| On-Peak | Weekdays, 4 p.m. to 9 p.m. | 24.0 |
Residential and small business customers interested in learning more about ULO and the other price plans available to them, as well as learn how to switch their current rate plan, can visit elexiconenergy.com/choice.
About Elexicon Energy
Elexicon Energy powers life’s most meaningful moments. As the fourth largest municipally owned electricity distributor in Ontario, our vision is to empower the communities we serve and help customers seize opportunities to ignite a better future. We provide more than 177,000 residential and business customers with reliable and affordable energy services. Elexicon Energy is owned by five municipalities: the City of Pickering, the Town of Ajax, the Town of Whitby, the City of Belleville and the Municipality of Clarington. Learn more at elexiconenergy.com and follow us on X and LinkedIn.
Media Contact
Jodi MacLean
Manager, Communications, Marketing and Public Affairs – Elexicon Energy
P: 289-387-1469 | E: jmaclean@elexiconenergy.com
