Toronto Hydro Reminds Customers to Enjoy the Easter Holiday Off-Peak!

TORONTO, April 21 /CNW/ - As the days get longer and spring finally arrives, Toronto Hydro-Electric System Limited (Toronto Hydro) is reminding its Time-of-Use (TOU) customers that electricity prices on the upcoming holiday weekend are at OFF-PEAK rates - the lowest electricity price - all day.

The following dates are designated OFF-PEAK periods:

  • Friday, April 22
  • Saturday, April 23
  • Sunday, April 24

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.

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 Spring Clean!

Got the itch to start tidying up around the house? Here are some electricity-saving tips to help make your spring clean green (1):

  • 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 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.

Go Green and Get Incentives

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.

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

About Toronto Hydro

Toronto Hydro Corporation is a holding company which, through its principal subsidiaries:

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

The principal business of the Corporation is the distribution of electricity by LDC. LDC owns and operates an electricity distribution system that delivers electricity to approximately 700,000 customers located in the City of Toronto.

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.

These materials may also contain forward-looking information within the meaning of applicable securities laws in Canada ("Forward-Looking Information"). The purpose of the Forward-Looking Information is to provide Toronto Hydro's expectations about future results of operations, performance, business prospects and opportunities and may not be appropriate for other purposes.

All Forward-Looking Information is given pursuant to the "safe harbour" provisions of applicable Canadian securities legislation. The words "anticipates", "believes", "budgets", "could", "estimates", "expects", "forecasts", "intends", "may", "might", "plans", "projects", "schedule", "should", "will", "would" and similar expressions are often intended to identify Forward-Looking Information, although not all Forward-Looking Information contains these identifying words. The Forward-Looking Information reflects the current beliefs of, and is based on information currently available to, Toronto Hydro's management.

The Forward-Looking Information in these materials includes, but is not limited to, statements regarding Toronto Hydro's future results of operations, performance, business prospects and opportunities.

The statements that make up the Forward-Looking Information are based on assumptions that include, but are not limited to, the future course of the economy and financial markets, the receipt of applicable regulatory approvals and requested rate orders, the receipt of favourable judgments, the level of interest rates, Toronto Hydro's ability to borrow, and the fair market value of Toronto Hydro's investments.

The Forward-Looking Information is subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or results anticipated by the Forward-Looking Information. The factors which could cause results or events to differ from current expectations include, but are not limited to, the timing and amount of future cash flows generated by Toronto Hydro's investments, market liquidity and the quality of the underlying assets and financial instruments, the timing and extent of changes in prevailing interest rates, inflation levels, legislative, judicial and regulatory developments that could affect revenues, and the results of borrowing efforts. Toronto Hydro cautions that the above list of factors is not exclusive.

All Forward-Looking Information in these materials is qualified in its entirety by the above cautionary statements and, except as required by law, Toronto Hydro undertakes no obligation to revise or update any Forward-Looking Information as a result of new information, future events or otherwise after the date hereof.

(1) Ontario Power Authority and Natural Resources Canada

SOURCE Toronto Hydro Corporation

For further information:

Denise Attallah
Toronto Hydro
dattallah@torontohydro.com
(416)542-2636


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