Current offer expires September 15, 2009
TORONTO, Sept. 8 /CNW/ -
Toronto Hydro-Electric System Limited ("Toronto Hydro") advises local
shopaholics that they still have time to sign up for peaksaver(R) and reap the
rewards. For a limited time only, customers who sign up for peaksaver will
receive a $75 gift card. peaksaver offers the satisfaction of doing what's
best for the environment and getting rewarded for doing it.
Until September 15, residential customers receive $75 in gift cards that
can be used at more than 250 leading retailers. Small businesses will see a
$75 credit on their electricity bill (after the installation) for the first
unit, and a $50 credit for each subsequent device installed.
Spend some money and let your air conditioner pick up the tab. Use the
$75 all at one retailer or split them up. Here are Toronto Hydro's top five
suggestions for their $75 peaksaver incentive.
1) Movie night: allow your incentive to entertain you with a night out
at the movies.
2) Dinner for two: it may be a recession, but go ahead and order
dessert, your AC is footing the bill. Choose from over 40
3) Retrofit something in your home: use your incentive at one of
Toronto's home retailers to help further the efficiency of your home,
and fall in-love with your place all over again.
4) BACK TO SCHOOL: hit the mall and shop at your choice of nearly 100
different apparel stores.
5) Enjoy a stay-cation: let your AC treat you to a day of golf, the spa
or help ease the hotel bill for a weekend away.
For more ways to spend your $75 from peaksaver visit
How to sign up: Signing up for peaksaver is simple and can be done by
logging on to www.torontohydro.com/peaksaver.
How it works: a small device is installed near the central air
conditioner to reduce its energy use during times of peak electricity demand.
These are usually on hot summer afternoons when air conditioners are running
at maximum, but never on weekends or statutory holidays - a temperature change
isn't likely to be noticeable. Most customers don't notice when peaksaver is
More than 56,000 peaksaver devices have been installed at Toronto
households and businesses. That represents a potential electricity demand
reduction of approximately 65 megawatts when activated during a heatwave.
"I've been on peaksaver for a while and to be honest, I don't know
whether or not Toronto Hydro has ever activated it. I think that's a good
indication the program is working and doesn't interfere with the temperature
at my home," says local resident, Sujata Ganguli.
- When activated, peaksaver will reduce the demand on the electrical
distribution system by approximately 1 kilowatt per home. That's the
equivalent of turning off 10 -100 watt light bulbs.
- When peaksaver is activated, Toronto Hydro sends a signal to
customers' air conditioners to slow down the number of cycles.
Typically, air conditioners are cycled off for 15 minutes out of
every 30 minutes. The fan continues to operate and circulate cooled
air, so most customers will not notice a temperature change.
- To date, Toronto Hydro has enrolled approximately 56,000 homes and
businesses in the peaksaver program since 2006. The program is now
also offered at other Local Distribution Companies/utilities across
- To learn more about incentives, signing up and installation, visit
Toronto Hydro-Electric System Limited is the regulated "wires" affiliate
and is one of the largest municipal electric distribution utilities in Canada,
delivering electricity to a broadly diverse, economically robust, residential,
commercial and industrial customer base in the City of Toronto. The utility
serves approximately 688,000 customers.
Certain portions of this press release may constitute forward-looking
information. Forward-looking information means disclosure regarding possible
events, conditions or results that is based on assumptions about future
economic conditions and courses of action or attributable to third parties. In
some cases, forward-looking information can be identified by terminology such
as "may", "will", "should", "expect", "anticipate", "believe", "estimate",
"predict", "potential", "continue", "plan" and similar expressions or the
negative of these terms or other comparable terminology. Although the
Corporation believes that it has a reasonable basis for the forward-looking
information included in the press release, such information is subject to a
number of risks, uncertainties and assumptions that may cause actual events,
conditions or results to differ materially from those contemplated by the
forward-looking information. Some of the factors that could cause such
differences include legislative or regulatory developments; financial market
conditions, general economic conditions and the ratings assigned to the
corporation or its affiliates or their debt securities by rating agencies. The
corporation has no obligation nor any intention to update publicly or to
revise any of the forward-looking information included in the press release
after the date thereof, whether as a result of new information, future events
or circumstances or otherwise.
For further information:
For further information: Tanya Bruckmueller, Toronto Hydro,
email@example.com, W: (416) 542-2621, C: (416) 903-0440