If you currently rent your water heater from Direct Energy, and you haven’t yet received your December 2009 bill, brace yourself. Direct Energy’s water heater rental rates are going up. In some cases (like mine) – way up. Currently I am renting a Polaris 34 U.S. Gallons natural gas hot water tank. According to the pamphlet I received, my rental will be going from about $40/month to $62.34/month. An increase of approximately $22/month!
Now, I know I have posted a fair bit about the problems I’ve had with my Polaris unit that I rent from Direct Energy. My only guess for Direct Energy’s 55% increase (is it really that much!?!) on my Polaris rental is due to the number of issues that they have had.
Here’s the 2009 Direct Energy Water Heater Rental Rates from their website:
|2009 Rental Chart|
|Water Heater Type & Size||Monthly Rental2||Hard Water Monthly Rental2|
|CV40 40 U.S. Gallons1||$11.64||$12.70|
|CV50 50 U.S. Gallons1||$13.00||$14.80|
|CV60 60 U.S. Gallons1||$15.48||$17.65|
|PV50 50 U.S. Gallons1||$20.81||$24.41|
|DV50 50 U.S. Gallons1||$20.51||$23.49|
|PV50 HI PV60 50 & 60 U.S. Gallons1||$22.97||$26.40|
|PV75 75 U.S. Gallons1||$27.63||$29.68|
|Electric 60 60 U.S. Gallons1||$10.25||–|
|Polaris 34 U.S. Gallons1||$62.34||–|
|CombiCor 50 50 U.S. Gallons1||$38.22||$41.55|
|CombiCor 75 75 U.S. Gallons1||$40.92||$44.45|
|Rinnai Tankless R75LSIN||$33.50||–|
1 Capacity in U.S. Gallons may vary, depending on specific manufacturer. U.S. Gallon = 0.8327 Imperial Gallons = 3.7854 Litres.
2 Rates are subject to change upon one month’s notice. Plus GST.
Ugh! From the same link above, I also found the 2009 Direct Energy rental water heater buyout schedule [PDF - no longer available]. According to that, my ~5 year old Polaris 34 Gallon tank would cost me around $3700 + tax to buy. Double Ugh!
UPDATED: I found my local copy of the 2009 Direct Energy buyout schedule.
I managed to dig up the following 2008 rental rate information but it doesn’t seem to jive with what I am currently paying.
I guess that means I’m stuck paying $62/mon until my whole system craps out and I really have to replace something. I had a furnace quote a while back and it came in around $8000 to replace my system (including a new hot water tank of some sorts).
Oh look, another shiny penny on the floor! I should just bend over and pick that up…