Laura Formusa,
President & CEO,
Hydro One
 
Toronto, ON, Canada --- (METERING.COM) --- June 23, 2009 - Hydro One Networks and Hydro One Brampton have announced that they have completed the installation of one million smart meters in the homes and businesses of customers, putting this amongst the largest smart meter deployments by a utility in North America.

Hydro One Networks and Hydro One Brampton commenced smart meter installations in late 2006, in support of the provincial government's goal to have a smart meter in every home and small business in Ontario.

Ontario is introducing time-of-use rates to help consumers better manage electricity costs and to contribute to energy conservation by reducing their electricity use during peak times. Hydro One Networks and Hydro One Brampton customers will start to convert to time-of-use pricing in 2010.

“Smart meters will provide our customers with opportunities to participate in time-of-use and other electricity demand management initiatives and collectively, make a significant contribution to energy conservation for this province,” said Laura Formusa, president and CEO of Hydro One. “We are pleased to have reached this important smart meter milestone and to support the province's smart meter initiative.”

“Smart meters and time-of-use pricing will make wholesale changes to how and when our customers use their electricity,” said Roger Albert, president and CEO of Hydro One Brampton. “Giving our customers the tools to make smart energy use decisions is one of the most powerful ways to help this province reach its green potential.”

Approximately 400,000 more Hydro One customers are scheduled to have their smart meters installed. As smart meters are installed and communications established, Hydro One will switch customers to automated meter reading, thus reducing the need to access customers’ properties, eliminating estimated billing, and reducing vehicle emissions associated with reading meters manually across Hydro One’s huge service territory. Both Hydro One Brampton and Hydro One Networks are well on their way to reading some meters remotely and are already saving costs associated with meter reading.

Wholly owned by the province of Ontario, Hydro One owns and operates the province’s 29,000 km high voltage transmission network that delivers electricity to large industrial customers and municipal utilities, and a 123,000 km low voltage distribution system that serves about 1.3 million end-use customers and smaller municipal utilities.