Without serious infrastructure investment in additional capacity projects Ontario residents and businesses will be left with no choice but to face the consequences. Even more challenging for the government is that if it opts for more green solutions such as wind or solar and yes, even Natural Gas, these technologies will deliver electricity that costs multiples more to supply than the technologies they will be replacing.
In light of this the government is passing the costs along onto consumers. They will accomplish this through "Time of Use" metering which will replace the traditional flat rate cost model we have enjoyed for decades. Currently time of use rates are effective during the following time intervals;
- Off peak hours
- Medium peak hours
- On peak hours
What will this mean to businesses? Well, if you can't defer your electricity consumption to a lower-cost time period, then your electricity costs will significantly increase during peak periods. Let us help you offset this new significant increase in your operating costs.
Contact us now for your free no obligation assessment!