Rack Up the Savings
New conservation rate for LGS customers creates opportunities to save more
Starting in January, you may notice a change in your electricity bill. January 1 is when our new conservation rate structure kicks in for Large General Service (LGS) customers. Which means there's no time like the present to kick off a plan to save energy – and money – with Power Smart.
The new rate applies to companies or organizations under rate schedules 1200, 1201, 1210 or 1211 that have annual peak demand greater than or equal to 150kW, or total annual energy usage greater than 550,000 kilowatt hours (kWh). Companies' monthly usage will be compared to their three-year baseline, with a higher rate for electricity consumed above the baseline, and a credit for energy saved below the line. About 6,000 accounts will be affected.
Save in three ways
Clearly, the conservation rate encourages energy savings – if your electricity use creeps above your baseline, you'll pay more per additional kWh than you used to. But it's also sweetening the return for energy efficiency. You can achieve savings in three ways:
- Savings on the energy you don't use: as always, if you don't use it, you don't pay for it, simple as that.
- Savings on the credits at a higher rate that you'll receive: the higher rate credit applies to energy usage reductions equivalent to up to 20% of your baseline.
- Savings on energy efficiency project costs: Power Smart has initiatives to help you identify your best savings opportunities, and incentives to help you implement the required upgrades (up to 75% of the project cost).
"We hope this price signal is going to trigger customers to take action on conservation," says Pavin Sidhu, BC Hydro's Industrial Program Manager. "Basically, there are now even better reasons to conserve: if they do a conservation project they'll save on their bill, gain a credit on their bill for part of the energy they don't consume, their payback times will be faster, and in many cases we help pay for the upgrade. Efficiency savings just got better."
Sign up to start
If you've never examined the benefits of an energy-efficiency program and don't know where to start, we suggest a Customer Site Investigation (CSI).
Under this initiative, we'll send an energy expert to your site to identify places where you're consuming energy you don't really need. Air compressors, pumps and fans, for example, can gobble energy (and money) unnecessarily. The energy expert will review your facility's energy consumption history, tour your operations, and provide you with a breakdown of where your energy is used, and where your best opportunities for savings lie. With the recommendations in hand, you can identify where Power Smart Project Incentives can help you handle the cost of upgrades that will save you even more. (Some measures may be low- or no-cost, and can start saving you money right away.)
A CSI is available at no cost to all BC Hydro industrial customers who use more than $50,000 of electricity annually. Plus, you can sign up online. Getting started is as easy as that.
"There are so many ways to save energy, and a lot of great funding and resources at BC Hydro to help customers improve their conservation efforts," says Sidhu. "With the new rate in place, hopefully customers will look at their bills, wonder why their costs are going up, and get in touch with us to plan ways to bring those costs down. We're ready to help."
Source: BC Hydro News