Ontario Submetering Customers have Lower Electricity Bills

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The Sub-metering Council of Ontario (SCO) recently issued a press release announcing that the submetering industry in Ontario is saving electricity submetering customers an average of $117/year on their hydro bills.

Press Release issued highlighting significant savings for residential submetering customers

The Sub-metering Council of Ontario (SCO) recently issued a press release announcing that the submetering industry in Ontario is saving electricity submetering customers an average of $117/year on their hydro bills. A study was commissioned by the SCO which examined the difference between residential buildings served by local distribution companies with fees set by the Ontario Energy Board, and those that are served by Ontario’s independent and competitive submetering industry with fees set by the marketplace.

According to the study, condo and apartment building customers served by SCO members save an average of $9.66 a month or $117/year on their electricity bills compared to what they would have paid if they had been billed directly by the local utility. Once these figures are extended for all 275,000 submetering customers in the Province, total annual savings would equal $32 million/year, clearly demonstrating that market pricing is benefiting Ontario submetering ratepayers.

Although these ratepayers clearly benefit from lower submetering fees, it is important to note these same fees are regulated under the Unit Sub-Metering Code by the Ontario Energy Board. In addition, it has been proven that once a submetered unit is being billed for actual consumption of electricity, additional savings occur as energy usage and waste is reduced.

 

View full press release here:Digital Journal

For additional information on the value of submetering, please visit: Sub-metering Council of Ontario