Introduces its Cancel Anytime*, No Penalty, HOEP+ Program (Large Volume Pricing for Small Volume Customers)**
Now you can receive Ontario Energy Solutions pricing with no risk and be eligible for the 31.8% Ontario Electricity Rebate. If most of your business hours are daytime hours, this plan may be beneficial to you.
Call 1.866.370.0405, or email info@
- Ontario household electricity prices to rise 52 per cent from 2017 to 2035
- Time-of-Use Rates increase over 50%
- Ontario Electricity Rebate Exceeds ***31.8%
- No Penalties or Exit Fees for cancellation (90 days’ written notice required). For qualified businesses.
How does Time Of Use work?
TOU Periods:
– Off-peak, this is when the demand for electricity in Ontario is at its lowest, as is the price.
– Mid-peak, demand during this period is higher though steady.
– On-peak, these are the busiest times of the day and pricing reflects that.
What are the Summer/Winter TOU periods?
Consumption patterns — supply and demand — change during the wintertime therefore the Winter Time-Of-Use periods & rates reflect that change.
Why do the rates vary?
As Ontarians begin their days, at home or at work, all systems are go go go! These high demand periods can exhaust the baseload capabilities and so the province turns to alternate natural gas- fired generation or green energy sources, which generally more expensive.
HOEP Explained.
Business that use less than 300,000 kilowatt-hours per year, they pay three rates and are used to seeing your usage broken out into peak, mid-peak and off-peak time-of-use types, with different prices for each peak. This is called the Regulated Price Plan, or RPP, which is administered by your local utility, and changed semi-annually. Here’s what you’re paying right now. Chances are, like most businesses, you are open during regular business hours and paying the highest possible rates. If you are using an equal amount of Peak, Mid Peak, and Off Peak, your average price before any further increases would be approximately 15.1 cents per kilowatt-hour
Large consumers, such as factories and processing plants, pay 2 rates as opposed to 3. The first is called the Hourly Ontario Energy Price, or HOEP. The second price is called the Global Adjustment or GA price that helps cover other costs of electricity supply in Ontario. The 2 rates are inversely proportional; that is, when one goes up, the other goes down – if HOEP rises, GA falls.
Ontario Energy Solutions HOEP+ Product solution gives you direct access to the wholesale cost of electricity for a small administrative fee.
You can pay similar electricity prices as a Large industrial plant.
This means that you, as a small business, can pay electricity prices similar to a Large industrial plant. Let us worry about managing your electricity costs so you can get back to managing your business.