Toronto Hydro-Electric System Limited

Toronto Hydro-Electric System Limited
Toronto Hydro Corporation

Toronto Hydro Corporation

July 02, 2008 11:59 ET

Toronto Hydro Pilots First in Canada Residential Load Reduction Program With Smart Metered Customers

PowerShift to save money

TORONTO, ONTARIO--(Marketwire - July 2, 2008) - Toronto Hydro-Electric System Limited (Toronto Hydro) today introduced a new pilot program, PowerShift® designed to encourage customers with smart meters to "load shift" to help manage their electricity use.

The program is available to Toronto Hydro's customers who are already enrolled in the peaksaver® program, and who are participating in Toronto Hydro Smart Meter Time-of-Use pilot project. In return for signing up for the PowerShift® Pilot Program, Toronto Hydro will give participants $10 a month this summer - for July, August and September - a total credit of $30 on their fall 2008 electricity bill.

The pilot will provide Toronto Hydro with valuable information about how it can assist homeowners with load shifting and conservation, when Time-of-Use rates are introduced city-wide, probably later in 2008 and through 2009.

"We believe that peaksaver® can be a very effective load shifting tool for homeowners, especially during summer peak pricing periods," said David O'Brien, President and Chief Executive Officer, Toronto Hydro Corporation. "The PowerShift® pilot will provide us with good information about maximizing the potential of this technology to the benefit of consumers, and the environment."

Right now, the peaksaver® device is intended to be activated by Toronto Hydro when demand for electricity is high during heat waves, and the utility wishes to help manage the peak demand in Toronto. With PowerShift®, the trigger for cycling down central air conditioners is different.

At the pilot homes, Toronto Hydro will automatically cycle down when the temperature is over 27 Degrees C on weekday afternoons between 1- 5 p.m. to help homeowners conserve power and, in the future, lower their bills. Participants will be able to track the effect of this on their daily electricity consumption through the Toronto Hydro website. Toronto Hydro will use the feedback from the customers to develop load management programs that may be introduced when Time-of-Use rates come into effect.

The PowerShift® Pilot Program is intended to help customers shift more of the air conditioning load to later in the day, when lower rate prices will apply. Participants can go on-line now to see how PowerShift® can make a positive change in their electricity consumption.

PowerShift® is a complement to other electricity reducing or shifting activities, like running appliances during evenings, which can help lower demand on hot summer afternoons, and save money for customers in the future.

For more information, and for tips to shift electricity use, visit www.torontopowershift.com.

About peaksaver®

peaksaver® is an award-winning energy demand management program that allows Toronto Hydro to slow down central air conditioning units during heat waves, reducing pressure on the power grid. 45,000 Toronto Hydro customers are currently enrolled in the peaksaver® program. Toronto Hydro installs a small device near a home's central air conditioner and at the flip of a switch, up to 45 megawatts of peak demand can be shaved when the electricity grid is stressed. peaksaver® is a program offered by the Ontario Power Authority and Toronto Hydro-Electric System Limited.

About the Smart Meter Time-of-Use project

The Smart Meter Time-of-Use project invited 50,000 Toronto Hydro customers, which already had smart meters installed, to learn about eventual Time-of-Use rates and view their real-time electricity consumption profile.

About Toronto Hydro-Electric System Limited

A wholly-owned subsidiary of Toronto Hydro Corporation, Toronto Hydro-Electric System Limited delivers electricity through a complex network of poles, wires and underground structures to approximately 680,000 customers and distributes approximately 18 per cent of the electricity in the Province of Ontario. Toronto Hydro Corporation is 100 per cent owned by the City of Toronto, visit www.torontohydro.com.

® peaksaver and ®PowerShift are registered trademarks of Toronto Hydro Corporation used under licence.

Contact Information

  • Toronto Hydro-Electric System Limited
    Catherine Parry
    (416) 542-3194
    or
    Toronto Hydro-Electric System Limited
    Marina Tomasone
    (416) 542-2743