Customers will need to opt in to the program to access the lower overnight electricity rates, which don't change from summer to winter
Smart meters are how hydro companies are able to offer time-of-use electricity plans to their customers. As of May 1, a new ultra-low overnight rate will be available, but most Ontarians won't be able to opt in for several more months.
That means it will be available to 20 per cent of the province's five million electricity customers, the Ministry of Energy confirmed to CBC News.was pitched as a money saver for Ontarians, undercutting its existing overnight rate from 7.4 to 2.4 cents per kilowatt hour. Both rates are set by the Ontario Energy Board .
The Sept. 1 merger is a major reason Enova power isn't offering the ultra-low rate alongside the first wave of power companies, said Jeff Quint, manager of innovation and communications. By accepting the new ultra-low overnight rate, customers will be signing on to higher on-peak rates; 24 cents per kilowatt hour vs. the existing rate of 15.1 cents per kilowatt hour.
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