How To Reduce Your Home Electric Heating Costs
With the ever increasing fuel prices today, you would not expect electric heating costs to come down. The only way you can tackle these exhorbitant heating costs is to look at what home heaters you are currently using in your home today.
Start saving today and for years to come with Electric Thermal Storage Heat
If you're looking to reduce your heating costs this winter, you've come to the right place! Mainers continue to face high and unpredictable heating costs. We think it's time to consider another heating option - Electric Thermal Storage (ETS) heat.
ETS heaters take advantage of electricity rates that cost less at night when demand is lower*. ETS heaters store electric heat at night, and can release it up to 24 hours a day. ETS heat is comfortable, easy to use, and can save you money this winter and for years to come.
The ETS rebate program is designed to help our customers lower their heating bills. Right now, we're offering a limited number of rebates to eligible customers who purchase a new ETS heater.
The goal of this program is to see how much money customers can save by replacing some - or all - of their current heating sources with low-cost ETS heat. Customers who participate in the program will need to provide some information about their heating usage so that we can compare heating expenses before and after they installed an ETS heating system.
Stable Electricity Prices Mean Predictable Hating Costs
Electricity prices have remained stable relative to the price of other heating fuels, such as the oil that most Mainers use to heat their homes.
Heating oil costs averaged as much as $3.86 per gallon last winter - think about how much you could save with ETS heat!
ETS heat offers more benefits than just cost savings. It's a safe, low-maintenance, and easy to use heat source. So, we're offering two ways for you to participate - just choose the option that works best for you!
Maximize your savings with the Separately Metered Option
We offer an electricity delivery rate specifically designed for ETS heaters. In order to use the rate, the heater needs to be connected to a separate meter from the rest of the electricity used at your home or business.
This option requires a separate CMP meter to be installed at your location. You will have a separate CMP account number and receive a separate CMP bill specifically for your ETS heater as well. This can make it easy to track your heating expenses from your ETS heater and compare it to your previous heating bills.
Keep one CMP account with the Combined Use Meter Option
With this option, your ETS heater will be connected to the existing CMP meter at your location. The electricity used by your ETS heater will be measured and billed at the same rate as the rest of the electricity used at your home or business.
You will need to switch your CMP account to a "time-of-use" electricity delivery rate. Time-of-use rates cost less for electricity used at night during "off-peak hours," and cost more during "on-peak" or "shoulder" hours. This option may work best if you use a lot of electricity, especially at night. You could also consider making some changes such as doing laundry or running the dishwasher at night.
This option also requires some additional equipment in order to track the electricity used by your ETS heater. You will need a high-speed internet connection, plus an account with our new Energy Manager service in order to use this option.
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"ETS heaters take advantage of electricity rates that cost less at night when demand is lower*. ETS heaters store electric heat at night, and can release it up to 24 ...www.cmpco.com/ETS/default.html"
This could be an excellent method to consider in lowering your monthly electric heating costs. There could be a few suppliers of electric thermal storage program in your country so we hope we have given you some food for thought to consider this option to start thinking about how you can save some money in your home electric bills.