July 21, 2014 - A wider range of Ontario sectors are now eligible to apply for incentives under Stream 3 of the Industrial Electricity Incentive (IEI) program, which the Ontario Power Authority (OPA) recently launched.
By Anthony Capkun
“Expanding the Industrial Electricity Incentive program to more eligible industries offers a great opportunity for more Ontario industries to reduce their electricity costs. We encourage all eligible industries to review the draft program documents, provide their feedback and apply for the incentive,” said JoAnne Butler, vice-president, Electricity Resources, OPA.
Stream 3 of the program expands eligibility to other energy-intensive sectors, such as greenhouses, refrigerated warehousing and data processing. Mining, quarrying, oil and gas extraction, and manufacturing companies continue to be eligible. The complete list of eligible industry codes from the North American Industry Classification System is available at www.powerauthority.on.ca/iei.
In return for building new or expanding production at existing facilities, IEI Stream 3 participants receive a reduction in the associated costs of electricity over a specified term up to the lesser of 10 years, or an end date of December 31, 2024.
OPA will host a Stream 3 webinar on July 30 to provide additional information, answer questions and receive feedback. To participate in the webinar and to sign up for future updates please, visit OPA’s website. OPA expects to finalize the development of Stream 3 by September, accept applications between September and November, and offer contracts by the end of the year.
Draft program documents are now available for review and comment on the OPA website.