What is Toronto Hydro?

Toronto Hydro bills average around $130/month for a typical household. Bills split usage into on-peak, mid-peak and off-peak Time-of-Use rates; an Equal Payment Plan is available.

How to Get Cash Back on Your Toronto Hydro Bill

1. Create your free Neobanc account: sign up at neobanc.com, takes about 2 minutes with instant verification.
2. Add Toronto Hydro as a payee: search "Toronto Hydro" in Bills. Banks and Neobanc list it as Toronto Hydro-Electric System.
3. Enter your account number: 10 digits, numeric only, see below for exactly where to find it.
4. Pay with your preferred credit card: one-time or recurring. Your card earns its normal rewards; Neobanc adds cash back on top.
5. Earn cash back on every payment: cash back lands in your Neobanc balance. Withdraw it or put it toward next month's bill.

Where to Find Your Toronto Hydro Account Number

Format: 10 digits, numeric only. Printed in large bold numbers in the top left corner of your bill; also after logging in at torontohydro.com

Verified against www.torontohydro.com, July 2026.

Can I Pay Toronto Hydro With a Credit Card?

Yes, and it's the whole point. Most billers don't reward you for how you pay. Through Neobanc, your card earns its normal rewards and Neobanc adds 1% to 2% cash back on top. On a typical $130/month Toronto Hydro bill, that's roughly $62 back per year between a 2% cash-back card and Neobanc, for the exact same bill.

The Math on Your Toronto Hydro Bill

Average $130/month: a 2% cash-back card returns about $2.60/month, and Neobanc adds $1.30 to $2.60 on top, roughly $62 per year for switching how you pay, not what you pay.

How do I save the most on my Toronto Hydro bill each month?

Change how you pay before what you pay. Paying by bank transfer or Pre-Authorized Debit (PAD) earns nothing; the same bill through Neobanc with a cash-back card returns about $62 a year. Toronto Hydro charges interest on past-due amounts at a 19.56% effective annual rate. A recurring Neobanc payment a few business days before the due date earns on every cycle and never runs late.