Enersource Corporation

Enersource Corporation

November 13, 2008 09:47 ET

Enersource is Bringing Smart Meters to Small Businesses

MISSISSAUGA, ONTARIO--(Marketwire - Nov. 13, 2008) - Enersource Hydro Mississauga, one of Ontario's largest electrical distribution companies, is moving forward with the installation of smart meters for small Commercial and Industrial (C&I) customers in Mississauga.

Smart metering, an Ontario Government initiative, enables local utility companies to upgrade metering to record not only how much energy is used but also when it was used, allowing different electricity rates to be applied during different times of the day. This empowers the customer to observe and adjust electricity use during peak times and possibly shift more use to off peak times where the cost of electricity is lower.

Tom Wasik, Senior Manager for Enersource Hydro Mississauga is excited about Enersource being one of the first local distribution companies in Ontario to complete system testing to support smart metering for small C&I customers. He said, "We wanted to ensure that our smart meter wireless IP network could transmit information from hard to reach areas such as metering installations enclosed in metal cabinets found below-grade. We were pleased that our IP based EnergyAxis® system passed vigorous tests over the last few months and are excited to expand our smart meter program to small business customers."

Enersource will be communicating with all small business customers prior to installation of the meters. Businesses should be aware that as the old meter is removed and the new one is installed, power must be turned off for a brief period. This outage will normally last only a few minutes, but in some instances the procedure will take up to a half hour.

Enersource President and CEO Craig Fleming said, "Enersource has developed a leading-edge progressive smart metering system that is reliable, secure and cost-effective. We feel that we are in a good position to meet the Ontario Government's target of installing smart meters in all Mississauga residences and businesses by 2010."

For now, businesses will continue to be billed for electricity in the same manner as before. The government of Ontario has committed to installing smart meters in every home and business in the province, but at this time has not fully determined a commencement strategy for Time-Of-Use (TOU) rates and customer billing.

About Enersource Hydro Mississauga

Serving over 185,000 customers in the City of Mississauga, Enersource Hydro Mississauga Inc. is the core regulated affiliate of Enersource Corporation, owned 90% by the City of Mississauga, and 10% by BPC Energy Corporation (Borealis), a subsidiary of the Ontario Municipal Employees Retirement System. Enersource Hydro Mississauga Inc. is focused on quality of service with the distribution of electricity, delivery of electricity conservation programs and smart metering solutions to meet government objectives. For more about Enersource visit www.enersource.com.

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