With Ontario's electricity supply struggling to meet demand, especially over the summer months, Toronto Hydro has introduced two incentive programs, which also yield the benefit of having to pay for less electricity due to decreased consumption.
The first incentive is through a new program that was just announced today. Toronto Hydro launched The Toronto Hydro Summer Challenge: a simple, customer-friendly program designed to help conserve electricity and reduce overall energy demand during the critical summer months. Under the Challenge, eligible residential and small commercial customers who reduce their electricity use by 10 per cent or more this summer, compared to their weather-normalized consumption in the same period last year, will receive a credit equal to 10 per cent of their electricity bill for that same period. (July 15 to September 15.)
Residential and small commercial customers (less than 50kW per month) who have resided at the same premise since at least September 1, 2005, can participate in the Toronto Hydro Summer Challenge.
As customer meters are not necessarily read on July 15 and September 15, Toronto Hydro must derive a daily average kWh consumption that will be applied during the Challenge period. Based on actual meter reading periods, Toronto Hydro will prorate the total kilowatt hours consumed during the billing cycles that span the summer months. The daily kWh average for 2005 will then be normalized using a seasonal adjustment factor of 92 per cent, based on a 30-year average of summer temperatures, to account for the hotter-than-normal summer temperatures experienced in 2005.
For additional information on the Toronto Hydro Summer Challenge Program and tips on how to reduce your use, visit www.torontohydro.com/challenge.
The second incentive introduced by Toronto Hydro is the peakSAVER AC program. PeakSAVER is an innovative program designed to help you reduce the demands on our electricity system. A peakSAVER switch will be installed on your central air conditioner. During peak times, like hot summer days, a signal will be sent to cycle your system off and on to reduce the amount of electricity needed by the province. You won't even notice a difference, and you're doing your part to conserve without any further time, effort or cost.
Participation in this program program will not cost you anything and there are no maintenance costs. As an incentive, if you sign up for the standard peakSAVER Program, you will receive a $25 cheque.
For additional information about the peakSAVER AC Program, visit www.torontohydro.com/electricsystem/powerwise/peaksaver/
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