After 10-year lows, Natural Gas prices are expected to rise just when winter is on its way

MISSISSAUGA, ON, Nov. 20, 2012 /CNW/ – Earlier this year, Natural Gas prices hit historical 10-year lows. In some cases they approached 15-year lows! Unfortunately there’s always a bottom, and from it there’s nowhere to go but up.

Natural Gas prices saw unexpected lows last spring in part due to below average consumption during the winter season. With milder weather, there was little need to turn on a heater for more than a couple of hours a week.

Now, at the end of 2012, The National Energy Board forecasts above average natural gas consumption during a colder winter. This has placed our Natural Gas market in a volatile state.

With a decrease in consumption last winter, Natural Gas prices dropped and Natural Gas producers decreased their overall production in order to increase demand for the commodity. This winter as temperatures drop, residents will turn up their thermostats and those same producers will soon be faced with a wave of increased demand. The result is expected to be increased Natural Gas prices.

Ontario residents have a choice. One smart choice this winter season may be to lock-in Natural Gas rates before prices rise.  MyRateEnergy.ca offers options to lock-in the Natural Gas price for a period anywhere between one and five years.

With historically low Natural Gas prices coming to an end, locking in rates is the smart choice.

Do some research and make an informed decision. To learn more about historical Natural Gas prices, current pricing, and more information on long-term energy agreements, visit MyRateEnergy.ca.

About MyRateEnergy:

MyRate Energy is a small business based out of Mississauga, Ontario. Since 2009, Canadian-owned MyRateEnergy has offered residential and commercial customers in Ontario low energy rates and electricity price protection. The appliance protection program is the latest addition to their home services line-up. For more information, visitMyRateEnergy.ca.

SOURCE: MyRateEnergy.ca

For further information:

Media Contact
Tyler Shannon
Sales Communications Specialist
MyRate Energy
905-366-7025
tshannon@myrateenergy.ca

Canadian News Wire

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Kick-off the Winter Season with Warmth – Check your Furnace

Furnace maintenance helps avoid unexpected repair costs.

MISSISSAUGA, ON, Oct. 29, 2012 /CNW/ – With the temperature dropping we know the cold weather is on the way. Many homeowners are turning up their furnaces for the first time in months. Sometimes the furnaces don’t work. A cold furnace can lead to panic, pulling out more blankets and planning for a long cold night. Fortunately there is an easier way to kick off winter. Have your furnace checked and ready to go and avoid emergency repair bills that can be several hundreds, if not thousands of dollars.

Regular furnace maintenance checks can insure furnaces are at their peak performance and are ready when needed. For a low monthly fee, there are furnace repair plans that ensure there will not be any additional costs. Online research shows the average furnace repair cost can be over $1,000. A predictable low monthly fee can be more manageable for the household budget.

Energy retailer and home service provider MyRateEnergy.ca offers affordable maintenance and repair plans for furnaces and air-conditioners. It is quick and easy to sign up through their secure website. And homeowners can rest easy knowing that 24/7 priority service is available in the event of any operating issues.

Taking the simple step to arrange for furnace maintenance can ensure peace of mind and avoid a last minute scramble for costly repairs.

For more information on MyRate Energy Home Protection Plans, visit www.MyRateEnergy.ca

About MyRateEnergy:

Since 2009, Canadian-owned MyRate Energy has offered residential and commercial customers in Ontario low natural gas rates and electricity price protection. The equipment protection program is the latest addition to their home services line-up. For more information, visit www.MyRateEnergy.ca.

SOURCE: MyRateEnergy.ca

Contact:

Tyler Shannon
Sales Communications Specialist
MyRate Energy
905-366-7025
tshannon@myrateenergy.ca

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Nest Learning Thermostat

Another cool, energy-saving gadget to share: The Nest Learning Thermostat

As opposed to the traditional thermostat and programmable models, the Nest Learning Thermostat automatically controls the the temperature of your home after learning your habits.  Its intuitive design and functional capabilities, such as Weather Aware and Energy Usage Reports, will make energy and cost savings a breeze!  And since half of your energy bill is dependent upon how you use your thermostat, it may be time to start thinking about the Nest Learning Thermostat in your own home!

Learn more

 

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WeMo

Introducing a new, convenient and ingenious way to potentially save on energy costs:  WeMo!

“…a family of simple, ingenious products that allow you to control home electronics from anywhere. Turn them on or off, trigger them with motion, even put them on a schedule.

WeMo lives on your smartphone and uses your home WiFi and mobile internet. Setting up and using it is a snap. WeMo truly is your home at your fingertips.”

To learn more:  http://www.belkin.com/wemo/

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Portable Light Project Brings Cheap Energy to Developing World

Mashable:  US & World
Matt Petronzio
June 6, 2012


Name
: Portable Light Project (Click to view video)

Big Idea: The Portable Light Project enables people in the developing world to create and own energy harvesting textiles, accelerating the global clean energy movement.

Why It’s Working: The Portable Light Project team has developed an inexpensive solar textile kit to provide renewable power that can be adapted to meet the needs of people around the world.

Approximately 1.5 billion people in the world live without electricity, and even more lack access to it on a regular basis. That’s 25% of the global population and 79% of the developing world. The Portable Light Project, an ongoing non-profit initiative, addresses this problem by working to bring efficient and economical power to the darkest areas of the globe.

The concept behind the Portable Light Project is pretty simple: Typical glass solar panels are too large and fragile to ship overseas where needed, so the Portable Light Project includes all materials in a kit that costs less than $16, complete with a flexible reflective panel, an electric circuit made from a rechargeable battery, a USB port and a high-brightness LED. The bright digital light gives off 80 lumens per watt, which is bright enough for people to read, work or see in the dark at night.

“Some of the most unexpected challenges stem from older ‘modern’ ideas of technology as a fixed and uniform thing that is the same no matter what the country, culture of use or context,” Kennedy explains. “With Portable Light, we are interested in challenging these assumptions about what technology can be, the materials of which it’s made and how it’s designed.”

The kit is an open-source model, allowing the users to adapt each kit to their needs in their specific locations. Based on research in design and engineering, the kits can be built in different forms such as blankets, bags and clothing. The form depends on the level of light the community needs and what resources are already available.

The Portable Light Project has a dual impact: It provides much needed energy to people in developing nations and also advances the worldwide movement toward cleaner, more efficient energy. And the company is expanding into greater energy and communications initiatives in South America.

 

Read more

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Thousands of Oshawa hydro customers not billed

DurhamRegion
Reka Szekely
May 23, 2012

Due to software glitch 12,000 accounts between a week and two months behind

OSHAWA — A software upgrade glitch means thousands of Oshawa hydro customers haven’t received an electricity bill in up to two months in some cases.

Atul Mahajan, CEO of Oshawa PUC Networks Inc., said that when Smart Meters were installed, software went out to the electric utilities across Ontario from the Independent Electricity System Operator.

“What we have to do is collect all the data remotely and that gets validated by IESO,” said Mr. Mahajan.

Once the Smart Meter data is validated by the IESO, customers are billed.

However, a mid-April software upgrade resulted in glitches that have affected 12,000 customers in Oshawa. Mr. Mahajan said the problem was on IESO’s end and other Ontario electricity utilities who were upgraded have been affected too.

“It’s not specific to just Oshawa and our staff is working diligently to get this resolved before the end of this month,” he said, adding bills will go out once the problem is fixed.

As it stands some accounts are a week behind in billing while others are up to 60 days behind.

Mr. Mahajan said there is no interest being accrued for customers who haven’t been billed. Once they’re billed they’ll have the same number of days to pay as usual.

“We obviously regret the inconvenience,” he said. “I’m glad our customers are conscious of receiving our bills, unfortunately it was not in our control.”

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Time for change at OPG

Ottawa Citizen
May 15, 2012

A new report on Ontario’s nuclear stations says the province’s Pickering  reactors are among the worst in the world for cost-effective operation and  reliability.

That’s bad news for Ontarians. This inefficiency not only contributes to  increasing power prices, it reduces profits for government-owned Ontario Power  Generation.

The report was commissioned by the Ontario Energy Board, the government body  that regulates power prices. The board wants to improve efficiency at all the  publicly-owned hydroelectric and nuclear facilities in Ontario.

That’s quite a challenge. The poor performance described in the most recent  OEB report was first detailed in 2008. Since then, the OEB and OPG have been  arguing back and forth about staffing levels and efficiency, presenting  competing expert analyses, all at public expense. The board has ordered some  reductions in OPG staff.

The fact that nuclear plants elsewhere are run far more efficiently shows that  it can be done. Ontarians shouldn’t accept second-rate performance. Maybe it’s  time for a new direction at OPG.
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Ontario electricity prices continue to rise

Over the past year and a half Ontario home-owners have seen an over 11% increase in their electricity costs; since deregulation of the industry in 2005, prices have increased over 50%

MISSISSAUGA, ON, May 2, 2012 /CNW/ – Effective May 1, Ontario consumers were hit with yet another price increase on their electricity bills. This increase marks the highest electricity prices Ontario home-owners have seen since deregulation of the industry in 2005. This trend has been consistent for the past year and a half and is expected to continue for some time.

An increase in Ontario electricity prices is largely influenced by the substantial cost of implementing renewable, green energy sources to position the province of Ontario as a green energy leader.

MyRate Energy offers an alternative to increasing electricity prices.

As the shift to renewable energy sources continues, electricity prices will only go up along with the cost to generate it.

MyRate Energy offers Ontario home-owners the opportunity to lock-in low energy prices, and maintain those rates for up to 5 years.

Ontario electricity utilities increased their prices on May 1st. MyRate Energy did not.

To learn more about historical electricity prices, current pricing, and more information on long-term energy agreements, visit MyRateEnergy.ca.

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Consumers start paying more for electricity today

CP24
TORONTO — Get ready for a heftier hydro bill.

Ontario residents will start paying more for electricity starting Tuesday.

A typical household using 800 kilowatt hours a month will see the “electricity” line on their hydro bill increase by nearly six dollars, while consumers using smart meters — or time-of-use pricing — will see an increase of about four dollars.

The Ontario Energy Board, which reviews the rates twice a year, said prices are changing as coal-fired generation declines and is replaced with natural gas, nuclear and renewable energy.

But critics say the governing Liberals’ expensive foray into wind and solar power is the main culprit behind higher hydro rates.

Ontario pays up to 80.2 cents a kilowatt hour for small rooftop solar power and 13.5 cents per kWh for wind power.

Ontario Power Generation, the government-owned utility, is paid 5.6 cents a kWh for nuclear power and between two cents and 3.5 cents per kWh for power from its hydro-electric facilities. Residential consumers pay between 6.2 cents and 10.8 cents a kWh.

High electricity rates will drive away businesses that Ontario needs to grow its economy, said Progressive Conservative Leader Tim Hudak.

Read More
Now is better than ever to secure a low electricity price through MyRate Energy. Sign-up Now!

 

 

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Ontario hydro bills to rise minimum 12% in May

Ottawa Citizen
April 20, 2012

TORONTO — Ontario hydro consumers are about to get yet another jolt with their monthly electricity bills.

Starting in May, bills will rise an average $3.99 per month for all time-of-use customers.

Customers who don’t use smart meters will see a more severe increase of $5.80 per month, on average.

The hikes were announced Thursday by the Ontario Energy Board.

The regulatory body said rates are rising due to a diminishing reliance on inexpensive, coal-fired generation. In its place, Ontario is relying on more natural gas, nuclear and renewable generation, including wind and solar power.

The “outrageous” increases mean a 12.5-per-cent hike for time-of-use customers, according to energy analyst Tom Adams, who blames the new rates on an array of heavy spending in the sector by the Liberal government.

Adams says that spending includes new gas-fired plants, nuclear refurbishment projects, infrastructure improvements and costly long-term contracts for renewable energy producers.

Ontario’s auditor general revealed in March that the province is voluntarily spending $4.4 billion more than necessary over the next 20 years to pad generous wind and solar contracts.

Adams says the consequences of those green energy decisions are now “coming home to roost.”

In 2010, the government predicted hydro bills would rise 46 per cent by 2015. Half that rise is attributable to the expensive long-term contracts.

“We’re already tracking way higher than those numbers,” Adams said Thursday. “They were saying bills would only go up 7.9 per cent per year. We’re seeing double-digit increases instead.”
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