Going “Green” with envy.

Electricity Prices:

I read with interest an article, February 28, by Heather Mallick in the Toronto Star. She has coined a new phrase “McGuinty Time”; this is the time when our provinces “off-peak” electricity pricing starts. We have three different electricity rates; on-peak – $0.099kwh, mid-peak $0.081kwh and off-peak $0.051 kWh. In addition there are a plethora of other charges including delivery charge, regulatory charge, debt retirement charge and HST 13% on tax on top of all other charges. So what this means is that a total raw electricity charge of $81.93 magically becomes $161.31. Now to ease the blow we are getting a 10% “Clean Energy Benefit” reduction for 2011 – they will claw this back in future years for sure. So on average my electricity cost me on average $4.68 per day.

So how does this compare to the U.S. well there is no shortage of miscellaneous charges here as well. They have multiple plans and, as a homeowner, you can select a plan that meets your lifestyle and usage. I am on Time Advantage 9 p.m. – 9 a.m. $0.158 on-peak and $0.051 off-peak. This plan “encourages” the homeowner to use the most electricity between these hours. There are 11 separate charges and 5 tax categories calculate at approximately 12.5% so pretty even here. Average cost per day $2.24

Comparing January to January total costs come in at $145.17 in Canada and $72.69 in Phoenix. Difference $72.48

Going Green

So I was in Costco this week in Phoenix and was taken by a display of 13 watt CFL bulbs. The “Smart” part is that the local power company, APS, provides an on-the-spot incentive to go “green”. A four-pack was $4.99 with an at-the-cash discount of $4.00 – cost at checkout $0.99, add the $0.46 tax and we end up with $0.36 per bulb.

Compare this with Home Depot Canada cost of $7.98 for a two-pack. So apples-to-apples $18.03 including HST or $4.50 per bulb. Difference $4.14 per bulb, $33.12 total.

This price difference also significantly increases the ROI or payback one receives from the “green” initiative as compared to a 60 watt incandescent bulb. The payback period for 4 hour usage per day in Phoenix is 20 days, in Toronto 221 days.

Gives new meaning to “screw” in base

April 15, 2011

As most Ontario residents slept between 4 a.m. and 5 a.m. on April 10, they unknowingly deposited a credit of $228,625.86 in the accounts of electricity users in Quebec, New York and Michigan. read John Spears article at http://www.moneyville.ca/article/973579–we-re-paying-others-to-use-our-electricity-again

If you’ve paid a steep hydro bill lately, you might want to take a deep breath before reading this….http://www.moneyville.ca/article/956001–power-firms-were-paid-millions-not-to-generate-power

Ontario electricity consumers received the latest whack to their pocketbooks Tuesday. The Ontario Energy Board (OEB) announced that electricity rates will rise anywhere from 8% to 15% beginning May 1. The biggest increases will hit consumers who are part of the province’s brave new world of time of use (TOU) pricing.  For off-peak electricity (between 11 pm to 7 am), the cost of electricity will jump 15% to 5.9 cents a kilowatt hour.  Mid-peak electricity (early morning to 11 am and early evenings) jumps 10% from 8.1 to 8.9 cents per kWh.  Peak use electricity (11 am to 5pm) rises 8% to 10.7 cents a kWh from 9.9 cents.

These rate increases come on top of a 12% increase last May. Note, also, that the increases are greater for off-peak than peak.

About 2sidesof49

This Blog is for all Canadian Cross-Border Shoppers wanting to maximize their returns on their U.S. shopping trips. Visit 2sidesof49.com for tips and tricks and links to our partners websites, blogs and products. Also check out my book The Canadian Cross-Border Shopping Guide - guaranteed to save you money!
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s