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- cost efficient, daikin, energy saving, HVAC, IESO, OEB, Ontario energy prices, programmable thermostat, upgrade system
You might remember we wrote about Ontario energy prices rising in the summer, well, they’re at it again.
The prices are set to be adjusted every six months and over the past couple of years, those adjustments have only increased. Energy prices continue to rise and there’s not much we can do about it.
In May, the prices were set to 16.1¢/kWh during peak hours (11:00 am to 5:00 pm), 8.0¢/kWh during off-peak hours (7:00 pm to 7:00 am) and 12.2¢/kWh during mid peak hours (7:00 am to 11:00 am and 5:00 pm to 7:00 pm). This caused an average increase of $5.71 to the monthly energy line and a 4.6% increase to the total bill.
In the winter (Nov 1-April 30), mid-peak and on-peak hours swap, meaning On-Peak hours become 7:00 am to 11:00 am and 5:00 pm to 7:00 pm. The mid-peak hours become 11:00 am to 5:00 pm. The following is a chart from the Ontario Energy Board (OEB) showing the changes in price to each category:
According to the OEB’s news release, this will translate into an increase of approximately $4.42 per month on the electricity line and 3.4% on the total bill.
These increases have been occurring every six months for the past couple of years and they’re no signs of slowing down. The rising prices really place importance on the efficiency of your home systems and when you choose to run them.
Here are three ways you can keep low costs as prices get higher:
Price increases are based on hourly usage, which means you can take advantage of the off peak hours by using a programmable thermostat.
These devices become easier and more efficient to use all the time, some models will even allow you to utilize your smart devices to personalize the temperature based on your schedule. By creating a system where you turn up your heat shortly before the peak hours start and down when they do, you’ll save money.
Upgrade Your System
With new technology being developed every day; HVAC’s new, high efficiency systems can conserve a lot of energy, saving you money in the process.
As well, with the current fall rebates there is no better time than the present to take advantage of the savings offered and upgrade your system.
By following the advice mentioned above, you’ll be offsetting the extra and increasing costs it takes to run your household. Save money and live comfortably with Davenport-Campbell Heating and Air Conditioning.
Davenport-Campbell Heating and Air Conditioning is a family owned and operated business that has proudly served the Greater Toronto Area since 1932.