Electricity bills are expected to increase by about 7.9% per year over the next five years(or 46 per cent over five years)
According to Ontario long term energy plan, electricity bills are
expected to increase by about 7.9% per year over the next five years.Over the next
20 years, including taxes and other charges, electricity bills are
projected to rise about 3.5 per cent per year. However, largely because
of investments being made in the short term to bring on new energy
supply and upgrade electricity infrastructure,
If you live in the North, you tend to pay more for energy because of severe winters and higher home heating costs. For a family living in remote area, assume your currently consumed 15000kwh/Y, and keep the same consumption for next 20 years, how much you are going to pay.
| Year | Electricity consumed (kwh) | Total annual cost $ |
| 2012 | 15000 | 3366 |
| 2013 | 15000 | 3632 |
| 2014 | 15000 | 3919 |
| 2015 | 15000 | 4228 |
| 2016 | 15000 | 4985 |
| 2017 | 15000 | 5085 |
| 2018 | 15000 | 5186 |
| 2019 | 15000 | 5290 |
| 2020 | 15000 | 5396 |
| 2021 | 15000 | 5504 |
| 2022 | 15000 | 5614 |
| 2023 | 15000 | 5726 |
| 2024 | 15000 | 5841 |
| 2025 | 15000 | 5958 |
| 2026 | 15000 | 6077 |
| 2027 | 15000 | 6198 |
| 2028 | 15000 | 6322 |
| 2029 | 15000 | 6449 |
| 2030 | 15000 | 6578 |
| 2031 | 15000 | 6709 |
| 2032 | 15000 | 6843 |
| 20 years In Total | 114907 |
you are paying 22 cents/kwh now and you will pay 42 cents/kwh in 5 years
Why do I pay more than those living in urban area like Toronto?
The further you away from the urban, the more you pay the hydro bill. the main portion of you payment is the distribution cost . Topically of a household living in 200km away from Toronto, the distribution charge is occupied 50-60% of the total cost.
Do we have a Solution?
Solar energy net metering solution
WHAT IS NET METERING?
Ontario’s net metering regulation allows you to send electricity generated from renewable sources to the electrical grid for a credit toward your energy costs.
Here’s how it works. Your utility will subtract the value of electricity you supply to the grid from the value of what you take from the grid. What you’ll see on your bill is the “net” difference between those two amounts.
Net metering means you no longer need to purchase expensive batteries or a backup generator – or factor those costs into the price of installing a renewable energy generation system.
If you supply power that is worth more than what you take from the grid over the billing period, you’ll receive a credit that can help lower future energy bills. The more electricity you produce, the greater your savings.
HOW WILL MY BILL BE CALCULATED?
Your local utility will continue to read your meter just as they do now. The bill you see will reflect the difference between the value of the energy you exported to the grid and the value of the energy you needed to take from the grid.
All of the regulated charges apply only to your net consumption. If that portion of your bill is zero, or a credit, your bill will include only your distributor’s fixed monthly customer charge. And if you have more credit than you can apply to one bill you can carry the balance forward for up to one year to offset future costs.
All of the regulated charges apply only to your net consumption. If that portion of your bill is zero, or a credit, your bill will include only your distributor’s fixed monthly customer charge. And if you have more credit than you can apply to one bill you can carry the balance forward for up to one year to offset future costs.
WHO IS ELIGIBLE FOR NET METERING?
Net metering is available to any Ontario customer who generates electricity primarily for their own use from a renewable source (wind, water, solar or agricultural biomass), using equipment of maximum cumulative output up to 500 kilowatts in size.I WANT TO GET STARTED. WHAT’S NEXT?
Net metering is a multi-step process that requires careful consideration. Here are the initial steps you’ll need to undertake:1. the process.
The first step is to contact your local utility company. They can provide details about the technical requirements, the approval process, and how to obtain your net-metering agreement.You may also want to contact Ontario’s Electrical Safety Authority (ESA). They must inspect and approve your system. Along with your utility, the ESA is responsible for ensuring that your renewable energy system is properly connected to the electrical grid.
