Ontario Electricity rates going up November 1, 2020
Electricity rates are set to rise this weekend in Ontario, with the average customer seeing a nearly two per cent increase to their hydro bill compared to before the pandemic.
Earlier this month, the Ontario Energy Board announced new prices for households and small businesses that take effect on Sunday, Nov. 1.
Why Natural Gas Rates Fluctuate
Natural gas rates can be affected by a multitude of factors which affect the supply and demand for the resource on the market.
Price fluctuations in natural gas prices are due to changes in the supply and demand of the resource. As supply and demand changes, the price changes accordingly to bring natural gas back to its equilibrium price. A price equilibrium is the price at which supply and demand are equal and the market’s needs are met. These changes in supply and demand affect your natural gas rates so it’s best to understand exactly what causes these price fluctuations.
Understanding Ontario Natural Gas Rates
Ontario natural gas rates are regulated to give consumers the benefit of a stable and fair price for their natural gas usage.
In Ontario there are three regulated natural gas providers, these being: Union Gas, Enbridge Gas, and Natural Resource Gas. Consumers in Ontario are able to choose whether they would like to have their natural gas provided to them at a competitive rate through a retailer or from their local utility. Though there are only three regulated natural gas providers, there are many competitive retailers to choose from. The Ontario Energy Board (OEB) are who regulate the Ontario natural gas rates. The OEB has developed a code of conduct for gas retailers which provide consumers with a level of protection on the energy market. They also determine the cost associated with transmitting, storing, and delivering the natural gas. The price of natural gas is affected by a variety of factors and it can change based on the time of year, the market, weather patterns, major weather events, etc.
Reduce your Carbon Footprint with LED Lights
Our actions have an impact on the environment whether we like it or not, but doing a good deed for the planet can be as easy as switching to LED lights in your home.
We all know that as human beings, the choices we make have a huge impact on the future of our planet and the future generations that will inhabit it. For this reason, we should all have a level of responsibility for our personal impact on the world. Technological advancements have given us the option to choose environmentally friendly products that reduce our carbon footprint. A small but impactful change that you can make in your home to help the environment is to switch to LED lights.
Spring Energy Saving Tips
There are many ways to use your appliances less and save more money during the spring using simple energy saving tips.
As the weather warms up your home will as well while your appliances work hard to keep you cool. There are many small adjustments you can make to your home and to your daily habits to save on energy and money. An energy audit is a great way to find where the most improvement can be made, but it isn`t always necessary. Some common sense and simple energy saving tips you can find online will often do the trick. Here are some of the easiest ways for you to save money on energy this spring season.
How to prevent frozen pipes
A frozen pipe can become messy and expensive problem. The best prevention against frozen pipes is to keep them warm enough to stay above the freezing point. A few preventive measures could save you from expensive repairs.
Take precautions to prevent your pipes from freezing, bursting, and causing water damage with the below easy tips.
What is my Monthly Energy Usage?
Calculating your home’s monthly energy usage is easy, all you need is some information about your electronic devices and a bit of basic mathematics.
All of the electronic devices in your home, no matter how big or small, add up and amount to the dollar value you find on your monthly utility bill. You might be interested in knowing how you get to that number. Being aware of what the main contributors to your utility bill are is a great step in cutting down on your energy usage. Luckily, calculating this is quite simple. Using the steps listed below you’ll know your monthly energy usage for each device.
Safety Tips During Power Outages
Power outages can make you prone to the risk of a fire in your home.
Home fires are a devastating event that’s often related to power outages. No homeowner would want to be in a position where they are likely to put their family and themselves in danger. Luckily there are precautions that you can take which will highly decrease your chances of experiencing a house fire in the event of a power outage.
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.
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:
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