Toronto Hydro reminds customers to shift electricity consumption to off
peak times and conserve electricity
TORONTO, Oct. 30 /CNW/ - Toronto Hydro-Electric System Limited ("Toronto Hydro") reminds customers that electricity rates will change to winter pricing on November 1st. By shifting use to off-peak times and actively conserving electricity, customers can manage their bills and in some cases, save money. The electricity rates are set by the Ontario Energy Board (OEB).
The new Ontario Energy Board rates are as follows:
Regulated Price Plan (RPP) rates will increase by 0.1cents per kilowatt
hour (kWh) to:
- 5.8 cents per kWh up to 1000 kWh of electricity consumed each month;
- 6.7 cents per kWh for any additional usage above the 1000 kWh
For customers on time-of-use (TOU) pricing, the regulated OEB rates are
- Off-peak (lowest price) at 4.4 cents/kWh - 9pm to 7am
- Mid-peak (mid price) at 8.0 cents/kWh - 11am to 5pm
- On-peak (highest price) at 9.3 cents/kWh - 7am to 11am and 5pm to 9pm
- Electricity used on weekends and holidays is priced at the lowest,
off-peak price all day.
- The winter has two peak periods. This is because days are shorter and
in the morning when most people get up, lights and appliances are
turned on and heating systems are turned up. The pattern repeats
later in the day around the dinner hour.
- Toronto Hydro has already transferred more than 250,000 customers to
TOU pricing. Approximately 100,000 customers are being transferred to
TOU rates monthly. All of Toronto Hydro's residential customers are
expected to be transferred to TOU rates by early 2010.
- Toronto Hydro has a number of programs and tips in place to help
customers conserve electricity, and has established a password
protected website for residential customers to learn how TOU rates
will affect their specific households. Customers should visit
www.torontohydro.com to set up their on-line TOU access and read
information on how they can effectively manage their electricity
The Corporation is a holding company, which wholly-owns the following
- Toronto Hydro-Electric System Limited ("LDC") - which distributes
electricity and engages in Conservation and Demand Management ("CDM")
- Toronto Hydro Energy Services Inc. ("TH Energy") - which provides
street lighting services and develops energy efficiency products and
The principal business of the Corporation and its subsidiaries is the distribution of electricity by LDC. LDC owns and operates an electricity distribution system, which delivers electricity to approximately 688,000 customers located in the City of Toronto (the "City"). LDC is the largest municipal electricity distribution company in Canada and distributes approximately 18% of the electricity consumed in Ontario. The business of LDC is regulated by the Ontario Energy Board (the "OEB") which has broad powers relating to licensing, standards of conduct and service and the regulation of rates charged by LDC and other electricity distributors in Ontario.
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.
SOURCE Toronto Hydro Corporation
For further information: For further information: Tanya Bruckmueller, Toronto Hydro, email@example.com, W: (416) 542-2621, C: (416) 903-0440