By the government’s own admission, those in the Greater Toronto Area are expected to see their electricity bills increase by 42% over the next five years and 54% over the next decade. This is after already doubling over the past decade.
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Toronto, Canada (PRWEB) March 14, 2014
InsulationRemoval.ca (http://www.InsulationRemoval.ca), the GTA’s premier provider of insulation services, including removal and installation, is warning homeowners that exorbitant energy bills are expected to inch up even higher this spring.
“Thanks to the brutal cold weather, heating costs have been a big issue this winter,” says Trevor Sean, founder of InsulationRemoval.ca. “By the government’s own admission, those in the Greater Toronto Area are expected to see their electricity bills increase by 42% over the next five years and 54% over the next decade. This is after already doubling over the past decade.”
Unfortunately, he adds, rising energy bills cannot be blamed solely on increased usage during the cold winter months: consumers have to also pay for the delivery of electricity, the cost of replacing the aging infrastructure, and to keep their homes cool in the heat of the summer. This all adds up.
Most recently, Hydro One was given approval by the Ontario Energy Board to increase the delivery rate by two percent; the new rates were put into effect on January 1, 2014. Further, residents in Toronto will see their hydro bills increase by about $1.00 a month this May because of a rate increase granted to Toronto Hydro. However, the company wants to charge increases more than double that each year from 2015 through 2019. (Source: “Delivery Rates,” Hydro One web site; http://www.hydroone.com/RegulatoryAffairs/RatesPrices/Pages/DeliveryRates.aspx, last accessed March 13, 2014; http://www.midnorthmonitor.com/2014/01/08/hydro-one-increases-delivery-rate; Spears, J., “Pay up, or spend more time in the dark: Toronto Hydro,” The Toronto Star web site, March 11, 2014; http://www.thestar.com/business/2014/03/11/pay_up_or_spend_more_time_in_the_dark_toronto_hydro.html.)
Without the extra charges used to address the city’s aging infrastructure, Toronto Hydro maintains that the average resident will end up spending anywhere from 39 to 83 minutes a year without power as a result of outages.
Sean explains that this winter, those living in the Greater Toronto Area have seen the bills for their gas-heated homes rise nine percent, while those heating with electricity have seen their costs rise 23%. And depending on how quickly the warm summer weather arrives, they’ll be paying even more to keep their homes cool; according to Toronto Hydro, as much as 60% of yearly electricity costs go toward heating and cooling the home. (Source: “Heating and Cooling Incentive,” Toronto Hydro web site; http://www.torontohydro.com/sites/electricsystem/residential/areyoumoving/PublishingImages/TH_Homeowners%20Kit_TH%20only_cc5_Heating.pdf, last accessed March 13, 2014.)
“It makes sense for property owners to look for ways to reduce their energy consumption and save money. While it’s important to adjust the heat or air conditioning when not at home, it’s essential that homeowners weatherize their property: that includes insulating floors, sidewalls, attics, and crawl spaces,” Sean concludes. “Weatherizing the home can result in a 30% to 50% reduction in energy consumption for both heating and cooling.” (Source: “Toronto Green Sector Scan: Residential Energy Efficiency Retrofit,” City of Toronto web site, November 2011; www1.toronto.ca/static_files/economic_development_and_culture/docs/Sectors_Reports/residential_retrofit.pdf.)
InsulationRemoval.ca is one of the Greater Toronto Area’s premier providers of insulation services. The company’s installers, inspectors, and repair team can handle any of their clients’ insulation needs, such as removal and repair, energy audits, and the installation of pink fibreglass, blown-in and spray foam insulation, and air sealing. InsulationRemoval.ca has delivered outstanding results to homeowners, builders, business owners, and property managers in the Greater Toronto Area, the suburbs, and the entire Golden Horseshoe. It also serves the Orangeville, Alliston, Barrie, Kawartha Lakes, Muskoka, Collingwood, and Blue Mountain areas. To learn more about InsulationRemoval.ca, visit the company’s web site at http://www.InsulationRemoval.ca or call 416-999-5700.