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Provident Energy Management Inc. Electrical Deregulation Presentation for DEL Property Management Inc.
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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.
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
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, Standard Supplier • Local utilities continue to provide energy through wires • Some Local utilities also will compete in energy supply market
Your Decision • Inactive participation in Market • lets discuss this option first • OR… • Actively Participate in Market • we will come back to this option later
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”
Active Participation in Market • Energy costs to be calculated according to Your Own Load Profile • First step is to install interval meter • contact local utility NOW • Choose Energy Provider soon • Look for a company that suits your needs
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
What does Provident Offer? • 2 Purchase Options: • Lock in at 1 price for the year • Floating charges, price fluctuates monthly • We take load to market • One large predictable purchase = wise “buying power” for you
In Review... • Participation = Get Interval Meter Now • Costs going up, the question is how much? • Transmission & LDC will make profits • LDC will now pay corporate taxes • OPGI currently 85% of market, 35% in 4 yrs. • Get Interval Meter NOW!