Ontario Peak Perks and Expanded Energy-Efficiency Programs

Government of Ontario

September 15, 2023

The Ontario government is launching the new Peak Perks program to help families save money by conserving energy, as part of the government’s $342 million expansion of Ontario’s energy-efficiency programs that will reduce demands on the provincial grid. The government is also launching three new and enhanced programs for businesses, municipalities, and other institutions, including targeted support for greenhouse growers in Southwest Ontario.

“Our government is giving families more ways to lower their energy bills with new energy-efficiency programs like Peak Perks, which will provide families a $75 financial incentive this year in exchange for lowering their energy use at peak times during the summer,” said Todd Smith, Minister of Energy. “The new programs launched today will also help meet the province’s emerging electricity system needs by providing annual electricity savings equivalent to powering approximately 130,000 homes every year and reduce costs for consumers by over $650 million by 2025.”

Peak Perks

The new Peak Perks program provides a financial incentive for residential customers who are willing to conserve energy and reduce their air conditioning at peak times and have an eligible smart thermostat connected to a central air conditioning system or heat pump unit. Participants will receive $75 for enrolling this year, as well as $20 for each year they stay enrolled in the program starting in 2024.

Residential customers can participate in Peak Perks by enrolling and giving their thermostat manufacturer secure access to their thermostat. Participants will be notified when one of the maximum 10 annual temperature change events occurs directly by their thermostat manufacturer on their mobile app and on their thermostat. Peak Perks has been designed to ensure participants are always in control and customers can opt-out of any temperature change event without impacting their incentive.

The Peak Perks program will be available starting in June. Interested customers can visit SaveOnEnergy.ca/PeakPerks today to sign-up for the program waitlist and receive an email notice with information on how to enroll.

In addition to the financial incentive provided by Peak Perks, reducing electricity use during peak demand hours in the summer months helps customers to lower their monthly electricity bills as these periods tend to be associated with the highest costs for power. Lowering demand during peak periods also allows the province to reduce electricity sector emissions, by reducing the need for electricity generation facilities that only run at times of peak demand such as natural gas.

Ontario has also launched three new and enhanced programs, including an expanded custom Retrofit program for business, municipalities and other institutions, targeted support for greenhouse growers in Southwest Ontario, as well enhancements to the existing Local Initiatives Program. The expanded Retrofit program alone will feature over $200 million in dedicated funding to support the new custom energy-efficiency retrofit project stream, that will cover up to 50 percent of the cost of approved projects.

These new and expanded energy-efficiency programs are expected to have a strong impact in Southwest Ontario, with regional peak demand savings of 225 megawatts (MW). This will provide additional capacity for the region and support growing economic development. The overall savings from this energy-efficiency programming will result in an estimated three million tonnes of greenhouse gas emission reductions over its lifetime – the equivalent to taking more than 600,000 vehicles off the road for one year.

“Thanks to energy efficiency efforts over the past 15 years, demand for electricity is today about 12 per cent lower than it otherwise would be,” said Lesley Gallinger, President and CEO, of the Independent Electricity System Operator, Ontario’s grid operator and provider of Save on Energy programs to home and business consumers. “Conservation is a valuable and cost-effective resource that supports system reliability and helps drive economic development as we strive towards a decarbonized electricity grid.”

Source

Related Articles


Latest Articles

  • Future-Proofing your Business with Electrical Estimating Software

    Future-Proofing your Business with Electrical Estimating Software

    In today’s construction landscape, it’s crucial for construction business owners to seize every opportunity to future-proof their operations. Building a thriving electrical (or mechanical) contracting company entails more than just acquiring technical skills and setting up a business. Read More…

  • Ontario Drives Monthly Downturn in Residential Sector for March 2024 Building Permits

    Ontario Drives Monthly Downturn in Residential Sector for March 2024 Building Permits

    May 16, 2024 Month over month, the total value of building permits in Canada decreased 11.7% to $10.5 billion in March. Construction intentions in the non-residential component declined 16.7% to $4.0 billion, while the residential sector decreased by 8.3% to $6.5 billion. Declines were observed in all components except for the commercial component. On a constant dollar basis (2017=100), the total… Read More…

  • 25th Edition of the MEET Show Smashes Attendance Records

    25th Edition of the MEET Show Smashes Attendance Records

    May 16, 2024 By Electro-Federation Canada The energy and excitement was palpable at the 2024 edition of the MEET Show at the Moncton Coliseum on May 1 and 2. The biennial Mechanical, Electrical, Electronic, and Technology show – celebrating its 25th year in 2024 – saw record-breaking attendance, welcoming 6,626 industry professionals to one of… Read More…

  • Video: How to Easily Setup and Program Intermatic PE700 Series Wireless Timers

    Video: How to Easily Setup and Program Intermatic PE700 Series Wireless Timers

    May 10, 2024 Dive into the future & discover the ultimate convenience in pool & spa management with this “How to” video guide for setting up & programming the PE700 Series Pool & Spa Wireless Smart Timer, by Intermatic. Whether you are programming the 3-circuit model PE733P or the 2-circuit PE723P, this video is your… Read More…


Changing Scene

  • ECS Re-Certified as Best Managed Platinum Status for 7th Straight Year

    ECS Re-Certified as Best Managed Platinum Status for 7th Straight Year

    May 22, 2024 Electrical Cable Supply (ECS), Canada’s leading, independently owned electrical wire and cable solutions provider, proudly announces its re-certification as a Platinum Club member in Canada’s Best Managed Companies for the seventh consecutive year. This prestigious designation, awarded by Deloitte, recognizes Canadian-owned and managed companies for innovative management, business performance, and sustained growth…. Read More…

  • WOW Lighting and Controls adds Blink Charging to Line Card

    WOW Lighting and Controls adds Blink Charging to Line Card

    May 17, 2024 WOW Lighting and Controls are excited to introduce the newest addition to the Wow Lighting and Controls linecard: Blink Charging Co. Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s… Read More…

  • Join ECABC’s Call for Prompt Payment in BC

    Join ECABC’s Call for Prompt Payment in BC

    May 17, 2024 On Monday, May 6th, ECABC launched a campaign across its social media platforms to create awareness for the need for prompt payment laws in British Columbia, now. Year after year, BC’s lack of prompt payment has been the #1 issue for ECABC’s contractors. Why? Because prompt payment ensures that contractors and subcontractors receive… Read More…

  • ABB Invests in Ndustrial to Accelerate Decarbonization Through AI-Powered Energy Management Technologies

    ABB Invests in Ndustrial to Accelerate Decarbonization Through AI-Powered Energy Management Technologies

    May 17, 2024 ABB today announced a minority investment in Ndustrial, a US-based clean technology startup that has developed a leading-edge, AI-powered energy management platform. This innovative technology enables smarter, production-aware energy decisions in real time, helping customers reduce operating costs, optimize energy consumption and accelerate decarbonization. The investment was made through ABB Ventures. Financial… Read More…