Toronto Hydro has its lowest electricity rates in effect all weekend long

TORONTO, Sept. 2, 2011 /CNW/ - Whether you're taking it easy on the couch or you're hosting a BBQ, for most of us, Labour Day weekend marks the unofficial end of the summer. While some will escape the city one last time, those who stay will be able to take advantage of off-peak electricity rates all weekend long.

The following dates are designated off-peak days and electricity is priced at the lowest cost:

  • Saturday, September 3
  • Sunday, September 4
  • Monday, September 5

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. Toronto Hydro encourages conservation at all times and especially during higher pricing periods to help customers manage hydro bills. In the summer, we usually 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.

Toronto Hydro also has other money saving incentives available for customers who are looking for opportunities to conserve:

  • Money-saving coupons are available to download from torontohydro.com/conservation.  Customers can redeem coupons at participating retailers to save money on energy efficiency products like compact fluorescent light bulbs, Energy Star® qualified ceiling fans, motion sensors, dimmer switches, timers and power bars.
  • Free Fridge & Freezer Pickup is available to customers with old, energy-guzzling appliances.  Customers can arrange an appointment by signing up online at torontohydro.com/pickup or by calling 1-877-797-9473.
  • Heating & Cooling Incentives up to $650* are available to customers who replace their existing heating and cooling systems with eligible energy efficient models through a participating contractor.

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.

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.

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 power outages.

Twitter - twitter.com/torontohydro

Facebook - facebook.com/torontohydro

YouTube - youtube.com/torontohydro

SOURCE Toronto Hydro Corporation

For further information:

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


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