1 May 2012

Ontario electricity fee rises as big businesses save

A recent report by an electricity market watchdog group in Ontario alleges that big businesses are paying much less for the electricity they use than households and other residents, according to the Toronto Star.

Electric companies charge a fee called the "global adjustment," or GA. Essentially, this is paying for electricity that isn't traded on the open market.

In the past, the GA fee was determined by electricity usage. If you used one percent of Ontario's electricity, you paid one percent of the GA. However, a program introduced last year called "High Five" allows select companies that use a large amount of power to reduce their GA fee if they cut power usage during the five peak times of the year. Unfortunately, the report shows that these savings by big businesses were then passed on to consumers – household electricity bills were up four percent mainly to cover the savings the businesses earned through the program.

Instead of moving to a larger home and racking up larger utility bills, Canadian residents may want to consider utilizing self storage in order to free up more space in their existing home. There are many options for affordable self storage in Toronto and other Canadian cities that can help homeowners get more space without breaking the bank.

Self storage can be a smart way to hang on to valuable items without taking up room in a house or apartment. For Toronto storage solutions, there's no better than Jiffy Self Storage. Those interested in self storage should check out the affordable rates on Jiffy's website, where they can also enter to win a free iPad 3.

Be Sociable, Share!
Comment

Related Articles [3]

How To Save Money As A Retail Business

August 28th, 2017
One of the biggest costs of running a retail business is space. Retail space is not cheap. The cost of the space itself, plus the accompanying bills, quickly add up, and you...

How Storage Can Help You Grow Your Business

August 10th, 2017
Many people are turning to entrepreneurship and small businesses in the 21st century as a way to add additional income to their main source, or as an attempt to transition...

How Renting A Storage Space Helps Your Business’ Revenue

January 15th, 2016
It might not seem immediately obvious, but how you utilize your office space can have a direct and observable impact on your business’ revenue. Make sure that you are...

Hammad Assan joined Jiffy Self-Storage in June 2012. He has over 20 years of experience in various Customer service, Sales and Management roles and is a Certified Self-Storage Operator through the Canadian Self Storage Association. His passion for sales and customer service has maintained Jiffy Self-Storage’s position as one of the GTA’s most successful Storage Facilities, as recognized by winning the Consumer Choice Award 22 years in a row, a perfect A+ rating with the BBB with zero complaints and a 4.5/5 Star Review rating on Google. Our tenants greatly appreciate his dedication to exceptional customer service and as a result Jiffy Self-Storage has been recognized and awarded for that. Please contact Hammad about any of your storage, parking, workspace or retail unit needs.

Leave a Comment






Recent Posts Blog Categories Archives Subscribe to RSS Feeds
Essential SSL