Michael Angemeer,
President and
CEO, Veridian
 
Ajax, ON, Canada --- (METERING.COM) --- July 20, 2007 – Canadian energy company Veridian continues to deploy smart meters to its customers, in line with the initiative to have these meters in all homes and businesses by 2010, and believes the distribution of its smart meter answer book helps customers make the most out of the technology.

When the time comes for customers in a particular area to receive their smart meters, the utility sends out a post card informing them of the date of installation. Once the meter has been installed – a relatively quick process – customers are given a smart meter answer book, which contains all the information necessary for them to get maximum benefit from the technology.

Customers appreciate being more in control of their energy consumption, even though time-of-use rates have not yet been introduced. aimed at decreasing strain on the power supply grid during peak hours. The Independent Electricity System Operator still has to set up a meter data management repository, which will keep track of both energy consumed and the time it was consumed. Once the repository has been completed and tested, customers with smart meters will be moved onto time-of-use rates.
According to the province’s smart meter web site, the Ontario Energy Board has set preliminary time-of-use pricing, with prices ranging from 3.4 cents per kWh for off-peak hours, such as weekends and holidays, as well as overnight, when demand is at its lowest, to 9.7 cents per kWh. The higher price will apply during the highest energy use periods -- summer weekdays from 11 a.m. to 5 p.m. The mid-peak price of 7.1 cents per kWh will apply when demand is moderate.

Once these rates have been introduced – and they are subject to change within the OEB’s regular biannual reviews – energy customers will be able to save money on their bills by shifting use to off-peak hours.