The Ontario government is extending its Industrial Electricity Incentive Program and is opening it up to a wider variety of business sectors.
The program helps companies cut electricity costs in return for building new production facilities or expanding existing ones.
Participants receive a reduction in the associated electricity cost over a term “to the lesser” of 10 years or an end date of Dec. 31, 2024.
Industry sectors such as mining, quarrying, oil and gas extraction, and manufacturers continue to be eligible, but the new sectors now eligible include greenhouses, refrigerated warehouses, and data processing companies.
Under the previous version of this program, the OPA entered into contracts with companies like Atlantic Packaging, Detour Gold and Irving Tissue.
“We encourage all eligible industries to review the draft program documents, provide their feedback and apply for the incentive,” said JoAnne Butler, the OPA’s vice-president of electricity resources, in a July 21 press release.
The OPA is hosting a webinar on July 30 to provide more information. Applications are being accepted between September and November. Contracts will be offered at year’s end.
For details go online at www.powerauthority.on.ca.