Summitt Energy fixed price program provides solution to expected increase in
Ontario electricity prices

MISSISSAUGA, ON, Nov. 18 /CNW/ - Ontario Finance Minister Dwight Duncan stated on Thursday, November 18, that electricity rates in Ontario will continue to rise - perhaps as much as 46% over the next five years.

Utility costs are a significant part of consumers' budgets and Summitt Energy offers a number of options to help them better manage their energy costs over the long term.  Summitt Energy provides fixed price contracts that allow customers to lock in their electricity price for up to five years. This allows customers to avoid the volatile price swings of electricity and natural gas and enables them to budget their energy costs.

Summitt Energy is one of the largest energy retail companies in Ontario, representing over 100,000 customers across the province. Established in 2006 and headquartered in Mississauga, Summitt Energy offers residential and business customers a variety of natural gas and electricity price protection programs. In 2008, Summitt Energy launched the Summitt EverGreen Program, designed to offset greenhouse gas emissions from homes in Canada.

For more information go to www.summittenergy.ca or [email protected] or contact Summitt Energy at 1 (877) 222 - 9520.

For further information:

Victoria Ollers, [email protected], 416-822-2288 or Paul Tyler - 416-254-0698