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Learning Centre
Flat Gas rate
Fixed Energy Rate Plans
A fixed energy rate plan allows you to avoid the uncertainty of changing energy prices and pay the same fixed rate monthly for your energy usage.
Energy rates can change due to a lot of factors, many of which are unforeseeable and can cause a drastic change in the price of energy. Government policy, trade wars, natural disasters, and many other unanticipated happenings can cause the price of energy to skyrocket. As a homeowner, you would surely want a level of consistency when it comes to your bills. The fact that so many things out of your control affect your monthly spending may give you anxiety. Fixed energy rate plans allow for you to have peace of mind by knowing that your energy rate will remain unchanged by whatever is currently happening in the world.
Home heating costs could spike 30% this winter
In June, the Ontario Energy Board approved a 20 per cent increase in natural gas for companies like Enbridge.
From grocery costs to car loans, inflation is drastically affecting Canadians and their wallets, but another high price tag is likely on the way.
Home heating costs will spike as much as 30 per cent, tied to the price of natural gas, which, as many drivers know, has steadily risen in 2022.
How Electricity Rates Are Determined
To have an understanding of changes in electricity rates it is necessary to understand the factors which affect the production of electricity.
You may have noticed that electricity rates constantly vary. The variations in the price of electricity is due to a multitude of factors. The price of electricity is determined by the cost to construct, maintain, finance, and operate the power plants, electrical grid, and power lines.
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.
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.
Enbridge Gas and Union Gas to Amalgamate
Effective January 1, 2019, Enbridge Gas Distribution Inc. and Union Gas Limited amalgamated to form one single utility, Enbridge Gas Inc.
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge) announced it will move forward with the amalgamation of its Ontario based utilities, Enbridge Gas Distribution Inc. (Enbridge Gas Distribution) and Union Gas Limited (Union Gas), with an expected effective date of January 1, 2019.
This decision follows a detailed review of the parameters of the regulatory approval received from the Ontario Energy Board on August 30, 2018, and the approvals of the board of directors of each of Enbridge, Enbridge Gas Distribution and Union Gas.
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:
How to read Gas Meter
Reading your natural gas meter is one way to tell how much natural gas you’re using each month.
Regardless of who you buy your natural gas from in Ontario, your local gas utility company is responsible for reading your meter. It is good to know how to read your gas meter, as you will be able to determine whether or not you’re being accurately billed. If you notice an error, you can notify your gas distributor a few days before the next bill is due to be generated, and have it adjusted accordingly.
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