PowerStream Inc.

PowerStream Inc.

December 20, 2007 13:33 ET

PowerStream Customers Cash in on 'Summer Savings'

Nearly 50,000 receive electricity bill credits totaling more than $900,000

YORK REGION, ONTARIO--(Marketwire - Dec. 20, 2007) - This past summer, thousands of PowerStream customers did their part to help reduce the strain on Ontario's electricity grid and in doing so were rewarded with a 10 percent credit on their electricity bill.

The credit was issued to a total of 46,931 PowerStream customers as part of the company's 'Summer Savings' program, a provincial conservation initiative sponsored by the Ontario Power Authority (OPA). Customers qualified for the credit as a result of reducing their electricity consumption by 10 percent during the months of July and August as compared to the same period in 2006.

The number of customers who qualified to receive a credit represented nearly 27 percent of the 175,262 PowerStream residential customers eligible to participate and who were automatically enrolled in the program. A total of $904,304 was paid out in credits with the average customer rebate being $19.27.

"The results from conservation programs like Summer Savings, demonstrate that PowerStream customers are doing their part to reduce electricity use and at the same time changing their consumption habits to benefit the environment," said Brian Bentz, PowerStream President and CEO. "It is the conservation efforts being made by consumers in general which will have the greatest impact on ensuring that the Province has a reliable supply of electricity in the future."

The Summer Savings program in PowerStream's service territory resulted in 21.2 million kilowatt-hours saved and helped to divert 5,017 tonnes of CO2 emissions. The total energy saved was enough electricity to power 2,352 average-sized homes for one year.

Summer Savings was part of a broader OPA conservation campaign which represented the largest coordinated effort ever made in Ontario to encourage consumers to use less electricity. The Summer Savings program rewarded Ontarians for making the effort to conserve while reinforcing smart and responsible electricity consumption.

About PowerStream Inc.

PowerStream Inc. is one of the largest local electricity distribution companies in Ontario, providing service to more than 235,000 residential and business customers in the municipalities of Aurora, Markham, Richmond Hill and Vaughan. It is an incorporated entity, jointly owned by the City of Vaughan and the Town of Markham.

About the Ontario Power Authority

In pursuit of its mandate of ensuring an adequate, long-term supply of electricity for Ontario, the OPA creates and implements conservation and demand management programs, ensures adequate investment in new supply infrastructure, performs long-term electricity system planning, and facilitates the development of a more sustainable and competitive electricity system.

Contact Information

  • Media Contact:
    PowerStream Inc.
    Eric Fagen - Corporate Communications Manager
    Office Phone: (905) 417-6910
    Media Line (24/7): (905) 417-6937
    Email: eric.fagen@powerstream.ca