Ontario Government Tweaks Electricity Prices for Class A Customers
Ontario Government Tweaks Electricity Prices for Class A Customers
Submitted By: admin on Jul 16, 2020
The Ontario electricity market is complicated. We have worked hard to understand that complexity because it is a value to our clients - electricity is generally the largest controllable expense in a condominium.
One of the rate structures available to a few very large condos is called “Class A”. Although we only have a few condominiums that are large enough to be eligible for Class A, the government made a significant change on June 26 to this rate class. Our Energy Manager, Rob Detta Colli, was quoted in an article that discussed the changes here - REMI Network Article
Change: The building’s peak demand factor in 2020 will be frozen;
What does that mean? Any actions the building takes to reduce their peak this year will have NO IMPACT on their Peak Demand Factor for 2021;
Impact? “If their existing pdf was low in 2020 – great. If it was high and they had hoped to lower it – ‘too bad for you’” (a perfect description from Energy@Work!)
If you are NEW to Class A in 2020:
Change: No change, the building will operate under the old rules;
What does that mean? The building’s peak this year will determine their Peak Demand Factor (PDF) for next year;
Impact? Nothing that we see other than it might cause these sites to say “No thanks” when they get a chance to decide to keep going Class A next year based on this the PDF they achieve this year.
Crossbridge has the property management industry’s only Ontario Power Authority sanctioned Embedded Energy Manager
Crossbridge’s clients have realized approximately $1 million of new savings each year
Since mid-2010 we have facilitated annual utility savings to our clients totaling nearly $8.0 million
We have also urged government departments and agencies to address inequities in utility billing, evaluated new products and services, developed new municipal codes and established industry best protocols for our clients (e.g. Electrical vehicle charging in condominiums)