TORONTO, Nov. 13, 2014 /CNW/ - Today, Toronto Hydro-Electric System Limited ("Toronto Hydro") is pleased to announce our renewed commitment to conservation and demand management (CDM) by becoming one of the first local distribution companies (LDCs) to execute the new Energy Conservation Agreement between Toronto Hydro and the Ontario Power Authority (OPA).
The new Conservation First framework has been in development since the Ministry of Energy's announcement in April 2014. The new framework was developed in collaboration with LDCs, the OPA and natural gas companies and is in support of the Ministry of Energy's Long-Term Energy Plan. The target for LDCs' efforts is 7 TWh—or seven billion kilowatt hours—by 2020. Toronto Hydro has been allocated the largest energy savings target in the province at 1.58 TWh.
"Toronto Hydro has a history of demonstrating its commitment to conservation and its success in delivering on the Ministry of Energy's conservation targets. We're thrilled to sign on to the new Conservation First Framework today," said Chris Tyrrell, Executive Vice-President and Chief Customer Care and Conservation Officer at Toronto Hydro. "We look forward to being able to offer our customers CDM programs that will help them conserve energy, become more efficient and ultimately lower their energy consumption and cost."
Since 2005, Toronto Hydro has been an industry leader in CDM in Ontario.
"Toronto Hydro continues to be a driving force of conservation in Ontario," says Andrew Pride, Vice President of Conservation at the Ontario Power Authority. "We're thrilled that the utility continues to demonstrate its ongoing commitment to customers and its conservation leadership."
About Toronto Hydro
Toronto Hydro-Electric System Limited owns and operates an electricity distribution system, which delivers electricity to approximately 736,000 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.
SOURCE: Toronto Hydro Corporation
For further information: Tanya Bruckmueller, Toronto Hydro, [email protected], T: 416-542-2621, C: 416-903-0440