|Here is Canada Energy's offer for Toronto Hydro Electric System customers.
3 Year Fixed Price of 4.3¢/kWh
Prices do not include the Global Adjustment.
Canada Energy (OEB License No. ER-2006-0184)
1155 North Service Road West, Oakville, ON L6M 3E3
Residential Hydro Price Protection Plan
Ontario residential hydro customers have the ability to take advantage of Canada Energy's access to low wholesale electricity rates by signing up for our Price Cap Hydro Plan, where you pay 5.2 cents / kWh or less and get 5 years of price protection. For details click on sign up now and then click on Price Comparison.
Under this plan you get electricity at the Ontario wholesale market power rate plus 0.8 cents/kWh. If, however, over the life of your 5 year contract your average price of power rises above 5.2 cents / kWh we will send you a rebate to lower your price to 5.2 cents / kWh. You win whether prices remain low or go up.
5.2 CENT / kWh MAXIMUM
If, over the life of your Price Cap Hydro Plan contract, your average price of power is greater than 5.2 cents/kWh, we will send you a rebate to bring your price down to 5.2 cents / kWh. This means a guaranteed hydro price of 5.2 cents / kWh or less! This price cap is before the global adjustment. See the Price Comparison Sheet for details (Click sign up, then click on Price Comparison).
OEB License number ER-2000-0148
A key benefit of the plan is that you do well whether electricity market prices are high or low. This is in contrast to the classic risk strategies of floating with the market or signing a fixed-price contract, where if you choose wrongly you pay more for electricity than you have to; in some cases significantly more.
- The Price Cap acts like insurance against high electricity prices. When things are good, i.e. electricity prices are low, you cruise along with the market. When "disaster" occurs, in the form of high electricity prices, the Price Cap pays you money much like an insurance policy. In exchange for this insurance you are charged a small premium on your electricity bill of one cent per kilowatt-hour. There are no up-front payments. It is all pay-as-you-go and you only pay for the amount of electricity you use.