It’s November 1st and that means new time of use hydro prices are now in effect. Electricity prices in the province are dropping slightly for the winter months, except for the highest demand hours. Beginning November 1st, off-peak prices for consumers on time-of-use meters will drop from 6.5 cents per kilowatt hour to 6.3 cents. The mid-peak price falls from 10 cents to 9.9 cents. But the peak electricity price is up from 11.7 cents per kilowatt hour to 11.8 cents. The Ontario Energy Board says most consumers on time-of-use meters will see a drop of about $1.02 on the electricity line of their hydro bill. The reason behind the decrease in prices is that the actual cost of electricity for consumers from April to September was less than the anticipated cost used to set prices for that time frame.