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electricity
Historical Electricity Rates Ontario
Historical electricity rates Ontario for residential and small businesses customers under time-of-use (TOU) rates.
Most residential and small business customers are billed their monthly electricity usage using time-of-use rates. Time-of-use rates mean that the price of electricity depends on the time of day that it is being used. There are three different price points for electricity under TOU rates. Off-peak time is when electricity rates are the cheapest, then mid-peak time, and the most expensive rates are during on-peak time.
Ontario electricity prices to rise 52 per cent from 2017 to 2035
The cost of electricity in Ontario for homes and businesses will keep on rising over the next 20 years — albeit not quite as high as once predicted — as the effects of the provincial Liberal government’s plan to lower power bills kick in and then wear off.
The government released an update to its long-term energy plan Thursday, projecting the average monthly residential bill for electricity in Ontario will dip to $127 in 2017 from $158 in 2016, helped by savings from the Liberals’ so-called “Fair Hydro Plan.”
The projections also show, however, that the average power bill will ultimately rise from $127 this year to $193 by 2035, a 52 per cent increase.
Making Your Home Energy Efficient
Making your home energy efficient can be done at a low cost with some simple DIY methods.
You would think that it’s an expensive process to improve your home’s energy efficiency, but it doesn’t have to be. A full home renovation isn’t necessary to save some money in the long run. There are other simpler ways to become energy efficient. If you’re willing to change some of your habits and use some DIY methods you can create a more comfortable environment in your home and save yourself some money.
Here are some things you can do to make your home energy efficient:
Did you know proper sealing saves energy?
Caulking and Sealing Saves Energy – weatherstripping and caulking helps to keep heat and air conditioned air where it should be – in your home!
Constantly heating and cooling your home will not do much if your home has air leaking right out of it due to gaps between framing and door frames and other gaps in the house. Proper sealing saves energy because it is used to seal those gaps around moving and still parts in your home such as windows, doors, plumbing and more. Expanding foam caulk can fill gaps between doors and frames and non expending insulating foam can be used on things like baseboard, ceiling and tiles.
Energy savings Tips
Here is a simple list of energy savings tips that could trim your energy use.
- Install Dimmer Switches in your home– this helps you to use as much light as needed.
- LED Lighting – switch most widely used bulbs in your home to LED. Replace the rest as they burn out. LED bulbs use about 90 % less energy than regular bulbs.
- Wash Laundry in Cold water – For additional energy savings in your home wash laundry in cold water. About 90 % of energy usage in washing machines goes to heating water.
- Full Load Laundry and Dishwasher – You can maximize energy savings by only doing full load laundry and dishwashing. Laundry and dishwasher machines use lot electricity.
Windstream Energy aims to complete cancelled wind farm in Ontario
Windstream Energy LLC, the company that recently won $25-million in damages from a NAFTA tribunal because its offshore wind farm was cancelled by the Ontario government, says it still wants to go ahead with the project.
The proposed 100-turbine wind farm, planned for five kilometers off Kingston in Lake Ontario, is still viable and “we are prepared to go forward with this project,” Windstream director David Mars said in an interview Thursday. Indeed it would be more financially viable than it was when first proposed several years ago because offshore wind technology has improved, he said.
Time-of-use (TOU) Prices
The majority of Ontario electricity users pay time-of-use prices. If you’ve signed an electricity contract with a company, these prices will not affect you. There are three time-of-use price periods:
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Off-peak, when demand for electricity is lowest. Ontario households use the majority of their electricity – nearly two thirds of it – during off-peak hours.
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Mid-peak, when demand for electricity is moderate. These periods are during the daytime, but not the busiest times of day.
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On-peak, when demand is highest. The busiest times of day. Generally when people are cooking, firing up their computers and running heaters or air conditioners.
The chart above below shows the price you pay today for electricity at different times of the day.
Vampire Electronics, what are they and how to deal with them?
You may not realize it but even when our appliances and devices are powered off but still plugged in, they are using power. This is known as “vampire electronics”.
And this can have significant impact on a consumer’s wallet. Vampire electronics can add more than $100 per year to your electricity bills.
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