More than 11,000 customers have joined
myEnergy Rewards to utilize devices like smart thermostats to
help reduce electricity use
TORONTO, Oct. 5, 2023
/CNW/ - Today, Hydro One announced it is expanding its
myEnergy Rewards program to help more customers save money
by reducing their electricity use during periods of high energy
demand. The program currently rewards Hydro One customers who own a
smart thermostat with financial incentives for reducing their
energy use during the summer months. Customers can now enroll their
other smart home devices including electric vehicles and
chargers.
To date, more than 11,000 Hydro One customers have enrolled
their smart thermostats to allow Hydro One to temporarily adjust
their household temperature by a few degrees when demand for energy
is at its highest in Ontario. Over
80 per cent of participants surveyed said they were extremely
satisfied or satisfied with the myEnergy Rewards customer
experience.
"Hydro One is committed to finding new ways to better optimize
the electricity network so energy can remain reliable and resilient
for our customers well into the future," said Spencer Gill, Vice President and Executive Lead,
Asset Management and Grid Modernization, Hydro One. "By providing
our customers with new and innovative ways to use their smart home
devices, including electric vehicles and chargers, we can work
together to enable a more sustainable Ontario."
Launched in the spring, myEnergy Rewards empowers
customers to help optimize Ontario's electricity grid, reducing stress on
the system during times of peak demand by lessening or shifting
their electricity usage. Initial results show that each
participating household can decrease its electricity use by 1.6
kilowatts during times of high demand. With 11,000 customers now
enrolled that's 17.6 megawatts of power in savings, equivalent to
enough energy to power two professional hockey games. By enrolling
eligible smart devices in the program, Hydro One customers can
receive up to $185 in financial
incentives while knowing they can opt out of participating in any
brief, time-limited energy adjustments during periods of peak
electricity demand that can occur.
Customer testimonials
"It didn't really affect my regular life routine, and I was
given the options to change back the temperature if needed. I'm
happy to participate and save energy."
"It helped us feel like we were making a difference in saving
energy."
"The adjustment was small, I had good notice about the event, I
felt that I was doing my part to reduce electricity demand in the
province."
To join myEnergy Rewards, visit:
myEnergyRewards.ca.
Hydro One Limited (TSX:
H)
Hydro One Limited, through its wholly-owned subsidiaries, is
Ontario's largest electricity
transmission and distribution provider with approximately 1.5
million valued customers, approximately $31.5 billion in assets as at December 31, 2022, and annual revenues in 2022 of
approximately $7.8 billion.
Our team of approximately 9,300 skilled and dedicated employees
proudly build and maintain a safe and reliable electricity system
which is essential to supporting strong and successful communities.
In 2022, Hydro One invested approximately $2.1 billion in its transmission and distribution
networks, and supported the economy through buying approximately
$1.9 billion of goods and
services.
We are committed to the communities where we live and work
through community investment, sustainability and diversity
initiatives. We are designated as a Sustainable Electricity Leader™
by Electricity Canada.
Hydro One Limited's common shares are listed on the TSX and
certain of Hydro One Inc.'s medium term notes are listed on the
NYSE. Additional information can be accessed at www.hydroone.com,
www.sedarplus.ca or www.sec.gov.
SOURCE Hydro One Inc.