Said Banner

Electricity pricing gives Ontarians flexibility – Associate Minister of Energy

157

Shady Salah – Media in Toronto

Associate Minister of Energy, Bill Walker, on Monday underlined the flexibility of the new system that gives Ontarians a decision to choose what type of electricity pricing that suits them. Starting on November 1, Ontarians will have the option of choosing either time of use electricity rates, or tiered pricing and there’s no limit to how many times customers can switch between the two. click here

Answering a question from MEDIAinTORONTO, in a briefing with culture media, the minister said “the new system allows them to choose when they will use it if they want to use most of their energy on late night weekends at the lowest fees on holidays, then they can go to that type of pricing. If they, for whatever reason, their lifestyle, a lot of shift workers don’t have the ability to do it, you know at two o’clock in the morning because they’re working at two o’clock in the morning for example so they typically would probably be better off with the tiered rate, where they can do it, whatever it happens to be if it’s seven o’clock in the morning if it’s two o’clock in the afternoon, they can do it then, and they have a guarantee that up to four homeowners personal homeowners 1000 kilowatt residential customer would pay that rate, no matter what time of day or night they use it, and then they would go to a slightly higher rate for anything over 1000 kilowatts so that really again is about your ability to have choice your ability to customize it to your time when you’re actually able to utilize those appliances that use a lot of energy.”

“The choice is yours, and I say there’s nothing if you want to try it for a month or two months and give it a try and then say that’s not really going to work for me and my lifestyle or life changes people’s jobs change people’s personal circumstance to work from home change, they can always change back to the other option if that is deemed to be them to be better at some point in the future.”

The purpose of time of use pricing is to give you the consumer, a financial incentive to reduce electricity use during peak times. This helps to smooth out demand peaks and lowers overall system cost by reducing the need for more generation capacity, he said.

read more:  Ontario Helps Keep Energy Costs Low for Families, Small Businesses and Farmers

Comments are closed, but trackbacks and pingbacks are open.