Pilot Initiative Provides Innovative Opportunity for Participants to Save on Electricity
VAUGHAN, ON--(Marketwired - October 21, 2014) - PowerStream has launched an innovative pilot electricity pricing initiative that will provide participating customers with an opportunity to better manage their electricity costs.
Being offered in partnership with the Ministry of Energy and Energate Inc., Advantage Power Pricing is an optional pricing plan for residential customers in which the daily on-peak price varies in response to overall provincial demand. Customers are given an opportunity to shift their consumption away from the on-peak price period, which is more expensive, to less costly, lower-price periods. This shifting reduces the strain on the province's electricity grid and provides customers with an opportunity to better manage their electricity costs.
Participating consumers will be equipped with Energate Foundation™ Smart Thermostats and Home Energy Gateways that will provide them with the up-to-date pricing information and respond to price changes intelligently and automatically according to their preferences. Participants of Advantage Power Pricing are expected to save approximately 10 per cent on their electricity costs and are guaranteed to not pay more than if they were on the existing price plan.
PowerStream is the first utility in Ontario to offer this innovative pricing plan to its customers. The project is funded by Ontario's Smart Grid Fund and is structured to act as a template for other Ontario distribution companies to follow once the pilot is complete in the second half of 2015.
PowerStream customers interested in participating in this pilot are encouraged to call 1-844-952-5291 or visit www.PowerStream.ca/AdvantagePower for additional details.
PowerStream is a community-owned energy company that provides power and related services to more than 370,000 customers residing or owning a business in communities located immediately north of Toronto and in Central Ontario. It is jointly owned by the Cities of Barrie, Markham and Vaughan.
Energate Inc. provides interactive energy management solutions that enable next-generation energy management and the connected home. Energate's products include devices, middleware, and applications. With its Internet of Things interoperable architecture, Energate's vertically integrated Consumer Connected Demand Response™ platform provides management of two-way communication, devices, and demand response events. Energate's solutions have been employed by over 40 North American utilities.