Ontario hopes to expand Industrial Conservation Initiative
September 14, 2016 - The Ontario government says it is taking action to reduce electricity costs and intends to introduce legislation that, if passed, would rebate the provincial portion of the HST from the electricity bills of small business and farms as of January 1, 2017.
By Renée Francoeur
This could reduce businesses’ bills by up to 34% through the expansion of the Industrial Conservation Initiative (ICI), Ontario stated.
ICI provides an incentive for large electricity consumers to shift their electricity consumption to off-peak hours to reduce their bills by up to one-third.
“Expanding ICI would reduce cost pressures on the electricity system by enabling more consumers to lower their electricity demand during peak periods,” the province said.