Toronto Hydro's Top 5 Holiday Tips to Save Money
TORONTO, Dec. 15, 2011 /CNW/ - The weather outside is frightful, but
saving money this season is delightful. Just because you're generous
this season, doesn't mean you can't scrooge on your electricity bill.
The holidays and its festivities can be expensive, so Toronto
Hydro-Electric System Limited ("Toronto Hydro") is offering its top
five tips to help save money and electricity.
Electricity rates on weekends and statutory holidays are always
off-peak, which means that your electricity is billed at the lowest
rates, all day, and this will help you save money on your hydro bill.
This season, December 24, 25, 26, 27, 31 - as well as January 1 and 2 -
are all designated off-peak days and electricity is priced at the
lowest cost. Winter electricity rates are now in effect until April
30, 2012. For more information on Time-of-Use (TOU) rates got to www.torontohydro.com/TOU
Use light emitting diode (LED) festive lights when decorating indoors
and outdoors - they use up to 90 per cent less energy and can last up
to 10 times longer than incandescent lights1. For example, 600 C7 incandescent holiday light bulbs would cost
approximately $90 to light up for one month; 600 mini incandescents
would cost just over $6; and 600 holiday LED lights would only be about
a $12. LED lights are more durable, with no filaments or glass bulbs to
break. They also produce minimal heat and are therefore cooler to the
touch and less of a fire risk.
Dress warmer, use area rugs and turn the temperature down. If your feet
are cold, your body will feel cold. During the winter months, as much
as 3% of the energy your furnace uses can be saved by lowering your
thermostat by 1 degree. For the average electrically heated detached
house built before 1990, that could be a savings of approximately
$73.393 per year. It all adds up!
Sixty per cent of energy costs are tied up in heating and cooling. Use a
programmable thermostat that will automatically lower the temperature
when you are sleeping or not at home. By reducing the temperature at
night to 18°C (from 22°C), you could see over six per cent savings in
natural gas and almost one per cent in electricity consumption4. If you have electric heaters, turn the temperature down before bed
and when you're leaving the house. Added bonus: if you replace your
existing heating system with an eligible high-efficiency furnace,
you'll be able to receive a $250 rebate. Go to www.torontohydro.com/heatingandcooling
Use a timer or programmable power bar on decorative lights and the
festive tree. Set it so they only turn on during peak "family times"
and turn off when everyone has gone to bed.
For more ways to save money and electricity go to www.torontohydro.com.
At this time of year, Toronto Hydro wants to remind people to work and
play safe. With all the festivities, safety may not be top of mind.
Remind your children to avoid playing around any electrical equipment
or structures, and when decorating be mindful of both overhead and
underground hazards. This week, The Electrical Safety Authority's
Chief Public Safety Officer is issuing a reminder to all Ontarians to
exercise caution when installing and removing exterior holiday lights
or decorations anywhere near overhead powerlines.
Remember to always look down, and look up. For more safety tips go to www.torontohydro.com/safety or www.esasafe.com.
About Toronto Hydro
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
705,000 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.
Toronto Hydro is pleased to announce we are officially on Facebook,
Twitter and YouTube! Follow us for the latest on energy conservation,
tips on how to take advantage of your time-of-use rates and updates on
Twitter - twitter.com/torontohydro
Facebook - facebook.com/torontohydro
YouTube - youtube.com/torontohydro
1 LED efficiency stats: lighting industry standard calculations and
Natural Resources Canada.
2 LED costs based on 30 day use at 6 hrs/day at a cost of $.12 kWh
3 Source: Office of Energy Efficiency - Natural Resources Canada.
4 Canada Mortgage and Housing Corp, 2005, "Effects of thermostat setting
on energy consumption."
Image with caption: "Students Tanneguy (left) and Chante of St. Michael Catholic School greening the holidays one LED at a time. (CNW Group/Toronto Hydro Corporation)". Image available at: http://photos.newswire.ca/images/download/20111215_C7191_PHOTO_EN_8294.jpg
SOURCE Toronto Hydro Corporation
For further information:
Tanya Bruckmueller, Toronto Hydro-Electric System