(TOU) Time-of-use prices from Ontario energy board.
TOU prices are prices that vary over the day- better reflecting the way electricity pricing works in the electricity market.
On-Peak prices- When demand and the cost of electricity are highest.
Mid-Peak prices- When demand and cost of electricity are moderate
Off-Peak prices- When demand and cost of electricity are lowest.
As of the end of 2009, there were approx 3.47 smart meters installed in Ontario and 347,000 customers paying time-of-use prices.
Check www.oeb.gov.on.ca for more details on TOU pricing.