Why Sign Up?

Signing an electricity contract can save you money
Many people ask when is the best time to sign up with Canada Energy's Price Protection Plans. The answer is:

"There has never been a better time to sign up than right now!"

Consider the following:

1. Our Price Cap Hydro Plan Provides Access to Wholesale Rates

Canada Energy has been selling fixed-rate hydro for many years. What's different about our current plan is that this is the first time we have ever had a plan that is based directly on Ontario's wholesale rates. In recent years these wholesale rates have been historically low.

Normally the wholesale rate is only available to large commercial businesses. Canada Energy allows residential and small business users to gain access to wholesale rates by charging a small 1 cents / kWh premium.

2. Our Price Cap Provides Long Term Rate Protection

No one knows exactly where Ontario's electricity prices will be 3 years from now but we do know that electricity rates have gone up significantly in the past few years. You have no doubt noticed increases in your electricity bills. The Ontario government has also stated unequivocally that Ontario residents should have to pay the full cost of power and that electricity rates will be increased to cover the cost of their electricity projects including "Feed in Tariffs" that pay over 80 cents/kWh to solar power producers. The RPP rates generally increase every six months, making it difficult for those on a fixed income.

When you sign up for our Price Cap Hydro Plan you can be assured that your average electricity price will never be more than the price cap of 4.7 cents/kWh by the end of the 3-year term of your contract. If it is, we will send you a rebate for the difference.

3. Use Electricity When You Want

Most residential hydro customers in Ontario have interval meters installed and are starting to be billed on a time-of-use basis. There are certainly some things consumers can do to take advantage of lower night-time rates, such as starting your dishwasher or dryer after 7:00 PM. In reality, most of the hydro we use is not discretionary. Generally people want to cook their meals at their normal meal times and run their TVs, vacuums, computers, etc. when they can fit these activities into their busy lives.

With our Price Cap Hydro Plan you pay the same rate, no matter when you consume your electricity and regardless of how much electricity you use. So you can cook dinner for your family at 5:00 PM like always, you don't need to change your life to fit into the government's time-of-use rate schedule.