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Energy Savings At Home

· · Leave a Comment Community Building, Consumer Info, Electricity, Interesting

Energy savings at home is something we should all aim to achieve.

If we are efficient and smart with out energy use at home it will have two positive effects.  Firstly, it will reduce our energy consumption which will help reduce our monthly utility bills.  Secondly, it will have a positive environmental effect because less demand on the electricity grid  means less coal burned to service that electricity demand.  Less coal burned means less pollution in our air.

If you are a Park Power customer then luckily you are paying lower rates for your electricity than customers of the big corporate energy retailers, but you can save even more money by reducing your consumption.  FortisAlberta, is one of the electricity distribution companies in Alberta and through their Energy Your Way program provides some great information for consumers on reducing their consumption, monitoring their usage, and increasing the energy efficiency in their home.  Below you can see one of their YouTube videos on how to save money in your kitchen, one of the most energy intensive areas of our homes.

https://www.youtube.com/watch?v=qFArjfWSgoQ

Also as part of the Energy Your Way program FortisAlberta has teamed up with Home Hardware Stores to provide customers with a free 10 watt LED lightbulb (a $14 value and the equivalent of a 60 watt incandescant) on Saturday Oct 18, 2014 at participating Home Hardware locations in the Fortis territory.

The reduction of air pollution that comes from reducing our energy usage at home will have a the positive effect of reducing electricity demand on the grid in Alberta.  According to Charting Alberta, of the 9343 MW of electricity being generated on Sept 30, 2014, 5143 MW or 55% is from coal fired generation.  If you thought that the oil sands were the largest industrial emitter of greenhouse gases in our province you might consider watching this news story recently aired on CTV regarding coal fired generation in Alberta.

Solar Power Is Ready For You

· · Leave a Comment Consumer Info, Electricity, Interesting, Solar Power

Solar Power is ready for us here in the Capital Region. We receive more sunshine year round than most other cities in Canada. We even get more sunshine than cities in Florida.

Green Energy Futures is a great local group reporting on renewable energy solutions that you should check out. Lately they have been reporting on Net Zero home construction and how using solar energy can be can affordable and achievable.

Nowadays, for buildings on the grid, you don’t need batteries. Grid tied Solar PV systems in Alberta can apply for Micro-Generation status. This means when your building is producing more energy than it is using (like during the day in the summer) you get paid for that energy. With Park Power, our Micro-Gen customers receive a credit on their bill for their production. Another positive is that when you are producing your own power your delivery charges are reduced because less electricity is being delivered.

As someone who has had Solar PV panels on my home for 3 years now and enjoyed how it has reduced my power bills and reduced my carbon footprint, I urge you all to start thinking more seriously about it. You can learn more from the Solar Energy Society of Alberta

Keep on the sunny side.

Is Enmax’s Choose Free really Free?

· · Leave a Comment Community Building, Consumer Info, Electricity, Interesting

Is Enmax’s Choose Free electricity promotion really free?

You may have heard about this promotion happening right now and thought to yourself, “Hey, that sounds like a great deal.”  Before you jump in here are some things to consider

Here is the skinny on Enmax Free Power giveaway.

A. Conditions:

1. You must sign up for both Electricity (at 7.79 ¢/ kWh) and Gas ($5.99 /GJ or Floating + $0.99 /GJ) for 5 Years.

2. Administration Fees are $7.10 per month for Electricity and $7.10 per month for Gas.

3. The customer will receive electricity at 0 ¢ /kWh up to a maximum of $750 for one year: applied just to the energy portion of the bill. This applies to either the first or third year of a 5 year contract. (The $750 is not what the customer would receive, but rather this is a cap on what the offer is valued at. This is equivalent to a customer using about 802 kWh per month – to achieve the maximum benefit). Once the $750 credit limit has been reached the customer will continue paying the 7.79 ¢/kWh rate.

4. If the customer cancels the contract the penalty is $95 per Electricity Site and $95 per Gas Site calculated for the remaining term of the 5 year contract. (A double dip penalty – will be expensive!)

B. Analysis:

1. One year free electricity comes at a cost.  You must remain an electricity and gas customer of Enmax for 5 years and should

2. The administration charges per month are not $7.10 but really $14.20 (as the admin fee is applied to both Electricity + Gas).

3. Remember you must buy gas and possibly pay $5.99 /GJ. Over the last couple of years (including the spike in price during February of 2014) the average Regulated Rate for Gas which follows the market price was $3.08 /GJ. Using history for comparative purposes, then consumers signing up for gas at $5.99 would be paying almost 100% more for gas compared to what they would have paid if they were on the Regulated Rate.The average consumer using 8 GJ per month would be paying over $275 a year more for gas (which is $1,375 over the 5 year term in premium rates) compared to what they would be paying if they were on the regulated rate.

4. Hidden in the “Fine Print” take note that ENMAX has now implemented a cancellation fee which it never had before. If you want to try or need to get out of this contract it will be expensive. If you cancel at the end of the first year of free power the penalty cost would be $760. On an annual basis the exit fee is not $95 but rather $95 X 2 (for both commodities) = $190 per year remaining on your contract.

 

How does this compare to Park Power’s current Residential Value Rate?

1. On a 3 year contract you would pay 7.75¢/kWh for your energy and $6.50 for your admin fee. Lower than Enmax’s $7.10

2. The 5% interest you earn on your $200 deposit brings your monthly admin fee down to about $5.40.

3. If you want or need to get out of your contract with Park Power you may do so free of charge.  We only ask that you give us 10 days notice of the cancellation.  After that you receive your $200 deposit (that has been earning you a 5% annual return) back.

4. We are offering you a great rate on electricity with superior customer service based right here in Alberta, not in India like Enmax.  We also won’t charge you any exit fees should you have to cancel your service before your contract is up.

 

Don’t believe the hype it makes more sense to choose a lower rate of electricity from Park Power and stay on the Regulated Rate for natural gas.

Shop Local and Power Our Community.

Alberta Price Alert for Electricity in May

· · Leave a Comment Consumer Info, Electricity, Uncategorized

AESOAlberta Price Alert for Electricity in May.                                                                                                                                                   RRO Prices for Electricity are on target to increase 32% for May 2014.

This is a message aimed mainly at customers on the RRO (Regulated Rate Option) but is good information for all energy consumers.

The Regulated Rate Option (RRO) is the default rate for electricity. The RRO fluctuates month to month because it is based on short term market prices, just like the regulated rate for natural gas. The RRO provider is the default provider of electricity for a consumer who has not yet signed up with a competitive retailer like Park Power.

RRO prices are set prior to the billing month.  May’s rates will be set soon based on current market prices and are trending towards a range of 8.9-11.4 ¢/kWh rate for May 1st.

If like me you live in the Edmonton Region then your RRO provider is EPCOR.  If you pay your power bill to EPCOR then you have been lucky lately paying just under 7.00 ¢/kWh for the past two months but you can expect to see a drastic jump in your bill soon. The forecasted rate increase for May is based on current and trending market data posted by the AESO.

By signing up for  the current Park Power Residential Value Rate  of 7.75 ¢/kWh you could avoid the 32% jump in price and you will end up paying a rate that beats the 3 year average for the Edmonton Region RRO of 9.06¢/kWh.

Shop Local and Power Our Community.

 

Compare Electricity and Natural Gas Utility Options

· · Leave a Comment Consumer Info, Electricity, Interesting

How should you compare electricity and natural gas utility options for your home? Many Albertans are uninformed about the options available to them when choosing utility services (power and natural gas) for their home.  They may be unaware of how deregulation has affected their choice and how sometimes the regulated option may not be the best one for them.

Since 2001 for Electricity and 2004 for Natural Gas Alberta residents have had the ability to choose to receive their power and gas from a retailer regulated by the Alberta Utilities Commission (AUC) or from a competitive retailer like Park Power.  The AUC reviews and approves the rates charged by the regulated providers, in the Edmonton region these are EPCOR for electricity and Direct Energy Regulated Services for natural gas.  If a customer chooses a regulated retailer, the rate the customer pays will change every month based on the market price for either electricity or natural gas.  If the customer chooses a competitive retailer they will have the option of choosing to pay the floating (market) rate or paying a fixed rate for a prescribed term through a contract.

One of the most important things to understand when considering a regulated or competitive retailer is that your choice or retailer does not affect the delivery of electricity or natural gas to your home, only the price you pay for it.  The delivery to your home will still be made by ATCO Gas or AltaGas for your natural gas service and EPCOR, Enmax, ATCO Electric or FortisAlberta for your electricity service.

Here is a comparison of our current rate offerings to your options from the big retailers operating in the Edmonton region.

Park Power’s current electricity Discount Fixed Rate  – 6.3¢/kWh Guaranteed until Dec. 31, 2020 and free to cancel with only 10 days notice.

Park Power’s current electricity Variable Rate   – May 2017 Rate 3.71¢/kWh  (6 Month Average 3.70¢/kWh). Free to cancel or switch rates at anytime.

Park Power’s current Discount Natural Gas Rate of Market Price + $0.75/GJ. Guaranteed until Dec. 31, 2019 and free to cancel with only 10 days notice

A Sherwood Park, AB company independently owned and operated serving customers all over Alberta.

 

Direct Energy competitive electricity 3 year fixed rate   6.99¢/kWh Cancel for free if you give 30 days notice.

Direct Energy current floating Natural Gas Rate of Market Price + $2.00/GJ

North American head office in Houston, TX and a subsidiary of UK bases Centrica PLC.

 

Enmax 5 year fixed electricity rate – 6.59¢/kWh. Cancel for free if you give 30 days notice.

Enmax current floating Natural Gas Rate of Market Price + $0.99/GJ

Headquartered in Calgary, AB aiming to deliver long term value to its largest shareholder, the City of Calgary.

 

Just Energy 5 year fixed electricity rate             6.59¢/kWh. Pay a $75/year exit fee should you cancel before the 5 year term is up.

Just Energy only offers a fixed Natural Gas Rate of $4.69/GJ

Headquartered in Mississauga, ON

 

To me it seems like an easy decision to shop local and sign up with Park Power but the choice is up to you.

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