A pilot project is set to be unveiled by the province that will let hydro customers tailor on and off-peak billing times to their lifestyles, according to CTV News Toronto.
The government likens it to pick-and-pay cable packages.
Sources told CTV News Toronto that the new hydro packages in the pilot will be tailored to different lifestyles, with peak and off-peak pricing options that accommodate different schedules for cooking, doing laundry and entertaining.
One option is "The Overnight" which would include a "super off peak rate" that would be much lower between midnight and 6 a.m. Another called "Dynamic P" would introduce variable peak prices between 3 p.m. and 9 p.m., with all other usage times billed at an off-peak price that is 25 per cent lower than the current off-peak price.
The time of use pricing in the plans will be set by the Ontario Energy Board.
The project is expected to cost $17.5 million will be announced Tuesday and begin in the next few months for close to 20,000 customers in London, Barrie, Oshawa and York Region.
With files from CTV News Toronto