Toronto Hydro reminds customers that Canada Day Weekend electricity rates are set at "lowest price off-peak"

TORONTO, June 30, 2011 /CNW/ - Toronto Hydro's time-of-use website flags rates as red, yellow or green, depending on the time of day. Green means "lowest price off-peak" and it's a green tag - not a red tag - weekend for Toronto Hydro-Electric System customers on Time-of-Use rates.

The following dates are designated off-peak, green, periods:

  • Friday, July 1
  • Saturday, July 2
  • Sunday, July 3

Time-of-Use rates are designed to encourage customers to shift their electricity use to off-peak periods; this helps reduce strain on the grid for periods when electricity consumption is at its peak and encourages conservation during higher pricing periods to help customers manage bill costs. In the summer, we traditionally have just one peak period in the middle of the day between 11 a.m. and 5 p.m. The current rates are: highest price (on-peak) at 10.7 cents/kWh, mid price (mid-peak) at 8.9 cents/kWh and the lowest price (off-peak) at 5.9 cents/kWh.

Customers interested in learning more about their electricity consumption can sign up for Toronto Hydro's TOU website (www.torontohydro.com/tou) to view their personal electricity usage on an hourly, daily and weekly basis. The data is updated as recently as the previous day. We've also added new usage alerts, which are e-mailed to customers to help them track and predict their electricity use.

Green your Summer!

Warmer weather doesn't have to mean higher electricity bills.  Now there are even more ways to manage your bill without compromising your comfort:

Go Green and Get Incentives (1):

Take advantage of one of Toronto Hydro's numerous conservation programs and get incentives!

  • Get rid of that old second fridge or freezer, free of charge, with the Fridge & Freezer Pickup program.
  • Replace inefficient air conditioners or furnaces and receive incentives up to $650 with the Heating & Cooling Incentive program.
  • Get an on-bill credit by signing up to peaksaver®.
  • Download and redeem money saving coupons on energy efficient products at participating retailers.

Tips (2)

  • Service your air conditioner so it's operating as efficiently as possible
  • Seal your air ducts with duct tape to minimize air leaks for heating and cooling efficiency.
  • Caulk, weather strip and insulate to reduce your heating and cooling bills by as much as 25 per cent.
  • Install blinds or plant trees around the house to create shade and minimize the need for air conditioning.
  • Install a programmable thermostat that automatically adjusts the temperature when you're not home.
  • Turn your heating and cooling system off on warmer spring days when you don't need it and when opening the windows to air-out your home.

For more information on these and other programs, visit: torontohydro.com/conservation

About Toronto Hydro

Toronto Hydro Corporation is a holding company, which wholly-owns two principal subsidiaries:

  • Toronto Hydro-Electric System Limited - which distributes electricity and engages in Conservation and Demand Management ("CDM") activities; and
  • Toronto Hydro Energy Services Inc. - which provides street lighting services.

The principal business of the Corporation and its subsidiaries is the distribution of electricity by Toronto Hydro-Electric System Limited. Toronto Hydro-Electric System owns and operates an electricity distribution system, which delivers electricity to approximately 703,000 customers located in the City of Toronto.  It is the largest municipal electricity distribution company in Canada and distributes approximately 19% of the electricity consumed in Ontario.

The information in these materials is based on information currently available to Toronto Hydro Corporation and its affiliates (together hereinafter referred to as "Toronto Hydro"), and is provided for information purposes only. Toronto Hydro does not warrant the accuracy, reliability, completeness or timeliness of the information and undertakes no obligation to revise or update these materials. Toronto Hydro (including its directors, officers, employees, agents and subcontractors) hereby waives any and all liability for damages of whatever kind and nature which may occur or be suffered as a result of the use of these materials or reliance on the information therein.

Sources: (1) Ontario Power Authority and (2) Natural Resources Canada

SOURCE Toronto Hydro Corporation

For further information:

Jennifer Link 
jlink@torontohydro.com
416-542-2725


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