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ARTICLE · 05 DECEMBER 2012

Draft Rules And Contract For The Industrial Electricity Incentive Program Released

Stikeman Elliott LLP
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On November 22, 2012, the Ontario Power Authority released the draft Program Rules for Stream 1 of the Industrial Electricity Incentive program, a few days after it released a draft contract.

CanadaEnergy and Natural Resources
Stikeman Elliott LLP
Stikeman Elliott LLP
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On November 22, 2012, the Ontario Power Authority released the draft Program Rules for Stream 1 of the Industrial Electricity Incentive program, a few days after it released a draft contract. The program was announced in June 2012 and is aimed at creating new jobs in the industrial sector by providing reduced pricing on electricity to qualifying participants.

The program is being launched in two streams. Stream 1 is open to companies who are looking to open new operations in Ontario, while Stream 1 is intended for existing companies in Ontario who will expand and build a new industrial facility. For both streams, the industrial activity must be in the manufacturing or mining, quarrying, and oil and gas extraction sectors.

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