As of May 1, 2015, Ontario hydro customers will be paying more for electricity. The Ontario Energy Board (OEB) announced new time-of-use pricing that pushes up the peak rate to 16.1 cents kWh from 14 cents kWh. With the price of electricity going up, some businesses are in danger – how long they will be able to keep operating before they are forced to shut their lights off for good?
Premier Kathleen Wynne said the new on-peak/off-peak rate differential should encourage conservation that ultimately helps to keep bills down. For Ontario households perhaps this may apply to them, however not for small businesses who have no choice but to use electricity during peak rate hours. Small businesses are the backbone of our economy and they are being threatened because of skyrocketing utility rates, and they cannot just simply keep raising prices to keep pace. Small businesses now have to strategize on how to reduce operating costs, while still maintaining a profit margin. Not to worry, ProQuip is here to help!
ProQuip can offer businesses the benefit of LED lighting. No longer should rising electricity costs be a burden for your business. With LED lighting, businesses can save up to 90% on their lighting energy costs while still greatly improving lighting performance as well. On average, most retrofits receive a 7 to 10 month return on investment.
For any questions or information to understand saving on electricity costs through retrofitting your business, please feel free to contact us or call us toll free at 1-866-945-4868, or leave us a message.