What we see depends on the spatial context in which it appears. Previous work has linked the reduction of perceived stimulus contrast in the presence of surrounding stimuli to the suppression of neural responses in early visual cortex. It has also been suggested that this surround suppression depends on at least two separable neural mechanisms, one low-level and one higher-level, which can be differentiated by their response characteristics. In a recent study, we found evidence consistent with these two suppression mechanisms using psychophysical measurements of perceived contrast. Here, we used EEG to demonstrate for the first time that neural responses in the human occipital lobe also show evidence of two separable suppression mechanisms. Eighteen adults (10 female and 8 male) each participated in a total of 3 experimental sessions, in which they viewed visual stimuli through a mirror stereoscope. The first session was used to definitively identify the C1 component, while the second and third comprised the main experiment. ERPs were measured in response to center gratings either with no surround, or with surrounding gratings oriented parallel or orthogonal, and presented either in the same eye (monoptic) or opposite eye (dichoptic). We found that the earliest ERP component (C1; ~60 ms) was suppressed in the presence of surrounding stimuli, but that this suppression did not depend on surround configuration, suggesting a low-level suppression mechanism which is not tuned for relative orientation. A later response component (N1; ~160 ms) showed stronger surround suppression for parallel and monoptic stimulus configurations, consistent with our earlier psychophysical results and a higher-level, binocular, orientation-tuned suppression mechanism. We conclude that these two surround suppression mechanisms have distinct response time courses in the human visual system, which can be differentiated using electrophysiology.