The Independent Electricity System Operator (IESO) has a new program that provides a financial incentive for allowing it to remotely adjust your thermostat at times. The goal is to throttle back at times of peak demand.
Households with an eligible smart thermostat operating a central air or heat pump system can opt into the program, where, during times of peak power usage, the program will automatically adjust the household’s thermostat by two to four degrees Celsius to reduce power consumption for up to three hours.
For signing up, participants will receive a $75 prepaid Mastercard, and a $20 prepaid Mastercard for every year they stay in the program.