Condo Electricity fee

Feb 19th, 2021 8:28 am

#1

tribute4 [OP]: Jr. Member; Apr 7, 2007; 164 posts; 38 upvotes; ontario

Feb 19th, 2021 8:28 am

Hi all,

I'm a first time buyer for a condo and wanted to get an idea on what electricy will cost.

The condo corp has heat, Ac and water included in my maintenance fee so electricity is just for stove, washer dryer and lights etc. I was looking to get a rough estimate for budgeting purposes. Will 100 / month be sufficient?

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Feb 19th, 2021 8:31 am

#2

Pete_Coach: Deal Expert; May 10, 2005; 36088 posts; 10179 upvotes; Ottawa

Feb 19th, 2021 8:31 am

No. $100 per month is very low. Also be aware it will continually change...upwards, as the rates got up.

The Government cannot give to anybody anything that the Government does not first take from somebody else.

Feb 19th, 2021 8:38 am

#3

KevinM56081: Sr. Member; Jun 4, 2020; 565 posts; 475 upvotes; Clarington, ON

Feb 19th, 2021 8:38 am

I'm about $100 a month for a 1400sqft house with 2 fridges, an upright freezer.

I don't think you are far out of line depending on the size of your condo, however as @Pete_Coach indicated, prices never go down. I would likely budget $125 to give a little more wiggle room. Also, throughout the pandemic, there have been rate reliefs added with TOU rates being suspended in favour of a 24/7 rate. Beware of this, as you may find your bill fluctuates as things in society flex over the next while.

Feb 19th, 2021 8:42 am

#4

jrbb0309: Sr. Member; Jan 8, 2009; 749 posts; 400 upvotes; GTA

Feb 19th, 2021 8:42 am

tribute4 wrote: ↑ Hi all,

I'm a first time buyer for a condo and wanted to get an idea on what electricy will cost.

The condo corp has heat, Ac and water included in my maintenance fee so electricity is just for stove, washer dryer and lights etc. I was looking to get a rough estimate for budgeting purposes. Will 100 / month be sufficient?

We were in a 1400 sq ft condo until recently where we only paid electricity above our common fees and it covered our appliances, lights and the electricity needed to power the fans in our fan coil units. We paid $65 a month in the summer and $50 in the winter but we were on the south side of the building, barely ran our fan coil units in the winter and ran them almost continously in the summer. We also had a really bright condo that barely needed any lights during the day and brand new energy efficient appliances. I would guess that your $100 a month should be sufficient but you won't know until you're in there.

Also, we had a bulk energy deal with our building and paid commercial prices so we may have been on the low side.

Feb 22nd, 2021 11:28 am

#5

niche54: Member; Nov 26, 2012; 331 posts; 284 upvotes; Toronto

Feb 22nd, 2021 11:28 am

When i was in a 600 sq ft condo, I paid about $50-60 for electricity. Middle unit, one set of really tall windows. So all electrical costs. toronto hydro.
I'm in a 1000 sq ft corner unit now and it was about $70-80 per month but now $100 cuz of wfh. also Toronto Hydro.

Neither condo had HVAC costs included in monthly fee so the above includes heat/ac plus usual appliances/tv/etc use.

Feb 22nd, 2021 11:33 am

#6

Fantastical: Sr. Member; May 23, 2006; 941 posts; 115 upvotes; Vancouver

Feb 22nd, 2021 11:33 am

Depend on the electricity rate in your region....biggest energy cost are heat/AC, which are covered by your strata - that's very nice.

$50-$60 per month should be enough for a 1 bedroom condo.

Feb 22nd, 2021 11:56 am

#7

jdmfishingonly: Deal Addict; Oct 13, 2008; 4604 posts; 1618 upvotes

Feb 22nd, 2021 11:56 am

Hydro electricity usage (1804 sq ft ... detached ... 2 in household ... Oshawa) ... average cost per month:

2016 - $71.01
2017 - $60.20
2018 - $57.62
2019 - $60.32
2020 - $67.45

Details as per Oshawa PUC:
(Lowest being 8.08 kWh per day in June 2019 ; Highest being 20.66 kWh per day in July 2020)

16'x11' Living Room 11' Cathedral Ceiling. Hisense 65Q8G. Denon AVR-S740H 7.2 setup. Jamo Classic 10 280W Towers - FR+FL; Polk S35 - Center; Klipsch R51M - RR+RL; Klipsch R14M - Dolby FHR+FHL; Polk HTS10 Subwoofer x2. Unlocked Android Boxes from Taiwan x2

Feb 22nd, 2021 12:07 pm

#8

Manatus: Deal Fanatic; Mar 21, 2010; 5486 posts; 2293 upvotes; Toronto

Feb 22nd, 2021 12:07 pm

If you don't have to pay for AC, heat or hot water, $100/month should be more than fine assuming normal usage.

Just confirm that's the case. For example the condo I'm living in, heat is through radiators (i.e. "hot water") which is provided centrally by the building, but the hot water we use for showers, washing dishes etc. comes from our own water heater that we pay hydro for.

+1

Feb 22nd, 2021 2:38 pm

#9

yesnomaybe: Deal Addict; Dec 29, 2012; 1345 posts; 1033 upvotes; Toronto

Feb 22nd, 2021 2:38 pm

I live alone in a 700 sq ft condo in Toronto. I pay $50-$60 per month. The delivery charge makes up more than half of my bill.

Feb 26th, 2021 9:57 pm

#10

EPcjay: Deal Fanatic; Nov 11, 2008; 7963 posts; 1609 upvotes

Feb 26th, 2021 9:57 pm

100$ is a good number. I pay about 75/month

Feb 26th, 2021 10:11 pm

#11

IndyBeak: Deal Addict; Sep 13, 2016; 2654 posts; 1436 upvotes; Mississauga

Feb 26th, 2021 10:11 pm

100$ should be more than enough to be honest. We are in a 2000sqft house, excluding basement, and our bill hovers around 120-140$ in summers and 70-90 in winters.
It was less pre covid as we were in office for most part of the day.

Feb 27th, 2021 12:53 am

#12

slowtyper: Deal Guru; Sep 2, 2008; 11598 posts; 1524 upvotes

Feb 27th, 2021 12:53 am

Pete_Coach wrote: ↑ No. $100 per month is very low. Also be aware it will continually change...upwards, as the rates got up.

For my condo and most condos that have central air and heat like OP, that would be very high.