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It’s time to get smart about heating as the cost of living rises.
While the average homeowner or renter can’t control market prices of gas or electricity, there are ways to control what we use. Energy market analysts predict Canadian home energy costs will climb dramatically this winter, due to a combination of climate, domestic supply, global demand and other factors.
According to Martin Hrobsky, the vice president of public affairs at market research firm Ipsos, Canadians' anxiety levels are rising as well.
"Canadians are very concerned about the rising cost of living. In fact, inflation is the second most important issue to Canadians right now, just slightly behind health care," Hrobsky told CTVNews.ca recently. "About half of Canadians told us they are concerned about their ability to pay rising utility costs this winter."
When asked by Ipsos which areas of inflation would have the greatest impact on their quality of life, 37 per cent of survey respondents listed rising electricity and natural gas prices. Hrobsky said those who use electricity to heat their homes, would be impacted most.
However, Hrobsky told CTV the rising cost of natural gas due to inflation and the war in Ukraine will mean that "even those who use natural gas, which is historically more cost-effective, will feel the pinch this winter."
According to Natural Resources Canada (NRCAN) home heating accounts for 63.6 per cent of the energy used in homes. That means homeowners need to look for ways to keep out the chill and control costs. According to EnergyRates.ca, residents can save 10 to 20 per cent on home heating and cooling bills by sealing uncontrolled air leaks. Natural Resources Canada states air leaks via chimneys, vents, plumbing pipes and electrical boxes in the attic can also account for substantial heat loss.
Enbridge Gas, Canada’s largest natural gas storage, transmission and distribution company based in Ontario, serves approximately 3.8 million residents and businesses. They offer these recommendations to help reduce your heating costs:
With files from CTVNews.ca
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