What is Time Of Use (TOU) Metering?
TOU is an electricity billing system that relates the cost of using a kilowatt hour (kwh) dependent on the time of day that kilowatt hour is consumed. During “peak” periods when the electrical grid is under high demand the electricity consumer will pay more for a kwh than they would during off peak periods when there is less stress on the grid. Special meters have been developed called “Smart Readers” to calculate this increasingly complex method of billing.
Between now and 2025, Ontario must build almost a whole new electricity system. This includes replacing about 80 per cent of our current generating facilities are retired over time, and expanding the system to meet future growth. Building new supply is vital. So is conservation. That’s why the Government of Ontario is introducing new tools like smart meters that will encourage all of us to think more about how and when we use electricity.
Smart meters measure hourly electricity use, so electricity prices can be different at different hours of the day. That better matches the way . . . → Read More: “Smart” Meters - Time Of Use (TOU) Metering
