Bill 100 - the Electricity Restructuring Act
Did you know that on Dec 15 2004, the Ontario Government passed Bill 100, which significantly changes the way electricity will be billed to the Industrial consumer, and also changes the rates which the industrial consumer will be paying for electricity by 2006 ?
Bill 100 was implemented May 1, 2006 and took effect April 1, 2005.
The NEW base "Night/Off peak" rate will be 3.5 cents/kW/hr between the hours of 10PM-7AM (approximately half of pre-bill100-rates for all power, exclusive of penalties). Obviously this rate break is intended to encourage customers to use energy during this discounted "Off Peak" time period.
|At the date when this Hybridyne website was published, the government documents showed the new rates as follows :|
This latest price increase is a little over 10% overall. It is not beyond the realm of possibility that these rates will increase again as the Ontario Energy Board faces the challenges of ever-increasing demand for electricity, coupled with decreasing generating capacity.
Industry pundits predict a minimum 3.5% per annum average increase from 2008 to an equalization peak price of between 18-20 cents per kw/hr . However, based just on the increases during each of tghe last few years, 3.5% per year seems EXTREMELY CONSERVATIVE.
|Click Here to access a calculator which takes into consideration the effects of Bill 100, Peak Shaving, and Green Energy as they apply to your energy costs.|