With energy prices rising and no end in sight, energy consumption matters. For most Canadians, the price of energy is a major concern as it affects the cost of heating and cooling their homes. Homeowners are looking for any way they can to lower their energy usage and save on utility bills. That’s why we’re always trying to help our customers reduce their energy consumption. In this article, we discuss energy prices and give you some tips on how to save on heating your home.
Electricity rates change every six months – in November and May. This November, electricity rates for the winter increased a fair amount.
|Weekdays 7 p.m. – 7 a.m., + all day weekends & holidays
|Weekdays 11 a.m. – 5 p.m.
|Weekdays 7 a.m. – 11 a.m. + 5 p.m. – 7 p.m.
For the other pricing charts, including tiered pricing, visit the Ontario Energy Board site.
Ways to Save Amid Rising Energy Prices
These rising prices highlight the importance of improving your household efficiency. Here are ways you may be able to save energy and lower costs.
Reduce Usage During Peak Hours
First, be aware of the prices and when they’re highest. Avoid using electrical appliances as much as possible during these times. Prioritize tasks that require electricity for the off-peak times when prices are lower. This way, you maximize efficiency and minimize costs.
Install a Programmable or Smart Thermostat
Another effective way to lower energy consumption is to install a programmable or smart thermostat. A programmable thermostat lets you optimize temperature settings for peak efficiency. Alternatively, a smart thermostat takes this a step further, enabling you to control your home’s temperature remotely from your smartphone.
Upgrade Your System
While it might be expensive upfront, you could experience significant savings by upgrading to higher-efficiency HVAC equipment. Older HVAC systems aren’t as effective or as efficient and could be costing you more money unnecessarily. Now, you could access savings of up to $7,100 to help upgrade to more efficient solutions – namely heat pumps. These systems offer superior energy efficiency and advanced technology to enhance your home comfort.
Take Advantage of Government Programs
Finally, there are government programs which offer financial help to Canadians who are struggling to pay their bills. Through various programs like the Ontario Electricity Rebate and the Energy Affordability Program, you could reduce your energy costs.
Let HAMCO Help You Reduce Your Energy Consumption
We can help you save by installing your smart thermostat, upgrading your HVAC equipment, helping you access heat pump grants and rebates, and offering tips and professional advice. Another way we help customers keep their energy costs down is through HVAC maintenance. Regular service of your heating system is crucial to its effective and efficient operation.
Let HAMCO help you improve your energy efficiency amid increasing energy prices!
HAMCO Heating & Cooling Ltd. has been serving the heating and air conditioning needs of Hamilton, Burlington, Oakville, Grimsby and Brantford areas since 1946. We have a wide range of air conditioners to fit your specific needs and budget and the expertise to install and service a wide range of cooling systems.