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Empowering Your Electrical Choices: Provident Energy Management Solutions

Learn about Provident, an energy services company since 1985, offering automation systems, monitoring services, and more. Understand the current and future utility structure and billing options in the electrical deregulation market. Decide how to participate in the market - passively or actively. Discover how to engage in active market participation and choose an energy provider that suits your needs. Provident offers two purchase options: lock in at a fixed price or opt for floating charges. They take your load to the market, providing you with wise buying power. Explore the world of energy management with Provident.

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Empowering Your Electrical Choices: Provident Energy Management Solutions

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  1. Provident Energy Management Inc. Electrical Deregulation Presentation for DEL Property Management Inc. Proud Members: Continental Automated Building Association, Illuminating Engineers Society of North America, Heating Refrigeration and Air Conditioning Institute of Canada, Toronto Construction Association, Toronto Better Buildings Partnership.

  2. Who is Provident? • Energy Services Company since 1985 • Full range of services: • Automation Systems & Monitoring Services • Lighting, Fan Coil Motors, Water projects etc. • Gas Retailer and utility experience • Electricity Retailer License pending

  3. Utility Structure - Now and In Future • Existing Structure has Ontario Hydro as Generator & Transmitter, Local utility as distributor (ie. Toronto Hydro) • New structure has Ontario Hydro broken into 7 companies: • Generation, Transmission, Distribution, IMO, Energy Services, fibre optics, ?? • Local utilities continue to provide energy through wires • Some Local utilities also will compete in energy supply market

  4. Billing Structure - Now and In Future

  5. Your Decision • Inactive participation in Market • lets discuss this option first • OR… • Actively Participate in Market • we will come back to this option later

  6. Inactive Participation in Market • Your energy cost will be calculated according to utility usage over each hour • The Utility Load Curve is different from your own usage curve • As wise users of power leave the default supplier, the utility curve will get “worse”

  7. Utility Load Profile

  8. Utility Load Profile and Your Load Profile

  9. Active Participation in Market • Energy costs calculated according to Your Own Load Profile

  10. How to Participate in Market • First step is to install interval meter • contact local utility NOW • Choose Energy Provider soon • Look for a company that suits your needs

  11. How to Participate in Market • Market consists of many companies offering many different service options • OEB approves Retailers that include: • Green Power providers • residential/small only providers • industrial/large only providers

  12. What does Provident Offer? • 2 Purchase Options: • Lock in at 1 price for the year • Floating charges, price fluctuates hourly • We take load to market • One large predictable purchase = wise “buying power” for you

  13. How is Energy Purchased?

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