After a year of operational upheaval and more modifications to electricity pricing policies, BOMA Toronto’s annual workshop to address the complexities of the global adjustment had a lot of ground to cover.

For now, residential and small business customers enrolled for either time-of-use (TOU) rates or tiered pricing under the provincial regulated price plan will be charged the off-peak TOU rate of 8.5 cents per kilowatt-hour for all electricity consumption.

For Class A consumers, cost-saving potential will be diminished even if they successfully curtail demand during the five peak hours since those peaks are expected to be lower than usual.

Commercial and industrial electricity customers will pay the differential above 11.5 cents per kilowatt-hour in added monthly increments beginning in January 2021.

Despite a steep drop in province-wide energy consumption due to COVID-19 triggered business shutdowns, many building owners/managers expect a more modest flow-through dip in operating costs.

Industry insiders speaking at the Energy Storage Canada conference in Toronto celebrated technological advances, but stressed that viable, steady revenue will be needed to propel the technology into the mainstream.