provident energy management inc. electrical deregulation presentation for del property management...

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?

• 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

• 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

Billing Structure - Now and In Future

5.14.1

4.9

1

1.2

1.4

1.1

0.9

1.30.7

0.9

0.6

0.8

0

1

2

3

4

5

6

7

8

9

10

OLD-7.2 Optimistic-7.5 Pessimistic-9.3

c /

kW

h

CTC

IMO

Trans.

Dist.

Energy

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

• 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”

Utility Load Profile

6:00 9:00 12:00 15:00 18:00 21:00 24:00:00

Utility Load Profile and Your Load Profile

6:00 9:00 12:00 15:00 18:00 21:00 24:00:00

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

• 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?

• 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...

• 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!