Smarter electricity pricing coming to Ontario



    McGuinty Government Rolls Out Time-of-Use Rates

    TORONTO, May 14 /CNW/ -

    NEWS

    Ontario kicked off the province-wide rollout of time-of-use electricity
rates today in Toronto.
    Ten thousand homes in Toronto will move to the new rates starting this
June. By next summer, one million Ontario households will be on time-of-use
rates.
    Time-of-use rates equip Ontarians with real time information to make
smart decisions about how and when they use electricity. The rates reflect the
reality that electricity costs the most when demand is highest. By shifting
electricity use to low demand times, consumers will save money.
    Ontarians will be better able to manage their electricity costs by
reducing overall use and by shifting energy-intensive activities, such as
doing laundry and running the dishwasher, to later in the evening or on
weekends. Shifting use of other discretionary appliances such as air
conditioners can also help.
    Under the rates, off-peak times occur on evenings and weekends.
Currently, evening off peak hours start at 10 pm. Beginning Nov. 1, off-peak
times will move to 9 pm, offering Ontario families an additional evening hour
at the lowest rate.

    
    As of May 1, the three rates for electricity are (per kilowatt hour):
    -  On-peak: 9.1 cents
    -  Mid-peak: 7.6 cents
    -  Off-peak: 4.2 cents
    

    QUOTES

    "Time-of-use pricing is what makes our smart meters 'smart,' by telling
us how much electricity we are using throughout the day. With this
information, the message is to first, reduce our overall energy use, and
second, to shift as much of our electricity use as possible to later in the
evening and on weekends because that's when it's cheapest."
    - George Smitherman, Deputy Premier and Minister of Energy &
Infrastructure

    
    QUICK FACTS

    -  Ontario's rollout of smart meters coupled with time-of-use rates is
       the largest in the world
    -  More than 2.4 million smart meters are installed in Ontario; time-of-
       use pricing is what makes smart meters "smart"
    -  By June 2011, an estimated 3.6 million customers will be on time-of-
       use rates
    -  Exact timing and rollout of time-of-use rates will vary by electricity
       utility. Consumers with retail electricity contracts will continue to
       follow the terms of their contracts.
    -  Rates are reset every six months in May and November, based on Ontario
       Energy Board projections.
    -  40,000 residents in Milton, Newmarket and Chatham-Kent are already on
       time-of-use rates

    LEARN MORE

    For more information on smart meters and time-of-use rates, visit:
    The Ministry of Energy and Infrastructure at
    http://www.mei.gov.on.ca.wsd6.korax.net/


    To view Backgrounder, please visit:
    http://files.newswire.ca/807/TOURatesBackgrounder.doc

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                                                      ontario.ca/energy-news
                                                      Disponible en français
    




For further information:

For further information: Amy Tang, Minister's Office, (416) 327-6747;
Eric Pelletier, Communications Branch, (416) 325-1810

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Ontario Ministry of Energy and Infrastructure

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