Ontario Commits to Ongoing Northern Industrial Electricity Rate Program Funding

 

Ontario is committing to an ongoing program, beyond March 2016, with continued investment of up to $120 million per year. The government will also undertake a review on the efficiency and effectiveness of the program and options for a sustainable approach.

The Northern Industrial Electricity Rate Program was introduced as a three-year program in 2010, and extended it in 2012. The program recognizes the unique needs of northern industries such as higher energy costs due to climate and distance to markets.

Helping Northern Ontario’s largest industrial electricity consumers reduce their electricity costs, sustain jobs and maintain global competitiveness is part of the government’s economic plan for Ontario. The four-part plan is building Ontario up by investing in people’s talents and skills, building new public infrastructure like roads and transit, creating a dynamic, supportive environment where business thrives and building a secure savings plan so everyone can afford to retire.