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Provident Energy Management Inc. Electrical Deregulation Presentation for DEL Property Management Inc.

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provident energy management inc

Provident Energy Management Inc.

Electrical Deregulation Presentation for DEL Property Management Inc.

Proud Members: Continental Automated Building Association, Illuminating Engineers Society of North America, Heating Refrigeration and Air Conditioning Institute of Canada, Toronto Construction Association, Toronto Better Buildings Partnership.

who is provident
Who is Provident?
  • Energy Services Company since 1985
  • Full range of services:
    • Automation Systems & Monitoring Services
    • Lighting, Fan Coil Motors, Water projects etc.
    • Gas Retailer and utility experience
  • Electricity Retailer License pending
utility structure now and in future
Utility Structure - Now and In Future
  • Existing Structure has Ontario Hydro as Generator & Transmitter, Local utility as distributor (ie. Toronto Hydro)
  • New structure has Ontario Hydro broken into 7 companies:
    • Generation, Transmission, Distribution, IMO, Energy Services, Fibre Optics, Standard Supplier
    • Local utilities continue to provide energy through wires
    • Some Local utilities also will compete in energy supply market
your decision
Your Decision
  • Inactive participation in Market
    • lets discuss this option first
  • OR…
  • Actively Participate in Market
    • we will come back to this option later
inactive participation in market
Inactive Participation in Market
  • Your energy cost will be calculated according to utility usage over each hour
  • The Utility Load Curve is different from your own usage curve
  • As wise users of power leave the default supplier, the utility curve will get “worse”
active participation in market
Active Participation in Market
  • Energy costs to be calculated according to Your Own Load Profile
  • First step is to install interval meter
    • contact local utility NOW
  • Choose Energy Provider soon
  • Look for a company that suits your needs
how to participate in market
How to Participate in Market
  • Market consists of many companies offering many different service options
  • OEB approves Retailers that include:
    • Green Power providers
    • Residential / Small only providers
    • Industrial / Large only providers
what does provident offer
What does Provident Offer?
  • 2 Purchase Options:
    • Lock in at 1 price for the year
    • Floating charges, price fluctuates monthly
  • We take load to market
  • One large predictable purchase = wise “buying power” for you
in review
In Review...
  • Participation = Get Interval Meter Now
  • Costs going up, the question is how much?
  • Transmission & LDC will make profits
  • LDC will now pay corporate taxes
  • OPGI currently 85% of market, 35% in 4 yrs.
  • Get Interval Meter NOW!