TORONTO, Oct. 5, 2012 /CNW/ - Toronto Hydro-Electric System Limited ("Toronto Hydro") is reminding customers that this Thanksgiving weekend electricity rates will be off-peak all weekend long. The weather is cooling down and air conditioners are at ease, but ovens will be roasting, music will be playing and customers should take advantage of the lowest electricity rates.
The following dates are designated off-peak days and electricity is priced at the lowest cost: Saturday, October 6; Sunday, October 7; and Monday, October 8.
Time-of-Use (TOU) Pricing, Monday to Friday (weekends are always off-peak):
- ON-PEAK: 11.7 ¢/kWh (11am to 5pm)
- MID-PEAK: 10.0 ¢/kWh (7am to 11am and 5pm to 7pm)
- OFF-PEAK: 6.5 ¢/kWh (7pm to 7am)
TOU rates are designed to encourage customers to shift their electricity use to off-peak periods. Toronto Hydro encourages conservation at all times and especially during higher pricing periods to help customers manage hydro bills. In Hydro-speak, the spring and fall months are known as the "shoulder periods". It's a time when the outside temperatures are mild and, by putting on a sweater, customers can leave the thermostat off and save some energy. The shoulder periods are a great time to conserve to make up for higher bills from the summer cooling season and for those with electric heating.
As a reminder, the Coupon Event is now on at all Costco, The Home Depot, Lowe's Home Improvement Warehouse, Canadian Tire, Home Hardware, Sears, Living Lighting, Sescolite and Royal Lighting locations. More details, a list of locations and the coupons can be found at: torontohydro.com/coupons
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. For more information on these and other programs, visit: torontohydro.com/conservation
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 712,000 customers located in the City of Toronto. It is the largest municipal electricity distribution company in Canada and distributes approximately 18% of the electricity consumed in the Province of 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.
SOURCE: Toronto Hydro Corporation
For further information:
Tanya Bruckmueller, Toronto Hydro-Electric System