After That, Find Ways to Lower Your Electricity Bill and Save with the New PowerLens™ Energy Calculator
TORONTO, May 17, 2012 /CNW/ - More than 5,000 customers have already tried it, and they like it! Toronto Hydro-Electric System Limited ("Toronto Hydro") is pleased to offer its residential customers the PowerLens Energy Calculator. This new calculator allows families to analyze smart meter consumption factoring in their home's size, age and appliances, and to identify where they use energy. They receive personalized recommendations to lower their consumption by adopting various energy efficient measures. .
The PowerLens Energy Calculator can be accessed through the Time-of-Use portal on the Toronto Hydro website, www.torontohydro.com. Using the tool is easy. Customers just need to answer a number of questions relating to their home's size, age and energy appliances.
PowerLens also calculates a breakdown of the home's annual electricity use, compares the home to similar houses in Toronto, and provides a customized report on how to save electricity and money. Now, if customers want to know how much money is saved by upgrading that old thermostat to a new programmable one, or by shifting energy use to lower-priced off peak periods, they will be able to calculate the amount based on personal consumption patterns and home details. In addition, customers will be able to immediately view any conservation program offers or rebates available to them via the "recommendations feature" on the website.
The PowerLens Energy Calculator is available to residential Toronto Hydro customers, living in detached, semi-detached, or town homes with at least 12 months of smart meter history.
This calculator could not have come at a better time. The Ontario Energy Board recently announced the new summer rates taking effect on May 1, 2012. The Time-of-Use (TOU) time blocks are as follows:
- On-peak hours (from 11 a.m. to 5 p.m. weekdays) will increase 0.9 cents to 11.7 cents/kilowatt hour.
- Mid-peak hours (from 7 a.m. to 11 a.m. and 5 p.m. to 7 p.m. on weekdays will increase 0.8 cents to 10 cents/kilowatt hour.
- Off-peak hours (from 7 p.m. to 7 a.m. weekdays and all day on weekends and holidays) will increase 0.3 cents to 6.5 cents/kilowatt hour.
- Victoria Day, May 21 will be off-peak all day.
"The calculator is part of an ongoing program to help customers understand where they use energy and what they can do to reduce and save under the TOU rate structure," says Chris Tyrrell, Vice President Customer Care and Chief Conservation Officer, Toronto Hydro. "It's the first of its kind in North America and it's an important step in providing our customers with easy-to-use solutions to help them better understand conservation."
- The PowerLens Energy Calculator works directly with residential customers who have a smart meter with 12 months of historical data, are registered for the TOU portal, and live in a detached, semi-detached, or town home.
- The calculations are based on actual TOU consumption with savings tailored to the individual customer.
- A PowerLens Energy Calculator video tutorial is available at http://www.youtube.com/watch?v=aoNXNZaYnEc&feature=youtu.be
- According to the Ontario Energy Board, the summer 2012 price change for consumers on TOU pricing is an increase of approximately $3.99 on the "Electricity" line, or about 3.3% on the total monthly bill, for a residential consumer with a typical consumption pattern who uses 800 kWh per month.
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 709,000 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.
Image with caption: "Toronto Hydro's new online energy calculator: PowerLens(TM), available at www.torontohydro.com/powerlens (CNW Group/Toronto Hydro Corporation)". Image available at: http://photos.newswire.ca/images/download/20120517_C8632_PHOTO_EN_13874.jpg
For further information:
Tanya Bruckmueller, Toronto Hydro-Electric System