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ARTICLE · 09 DECEMBER 2016

Update On Electricity Rate Relief Program For Ontario Businesses

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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The expansion of Ontario's Industrial Conservation Initiative (ICI) to provide electricity rate relief to more businesses comes into effect on January 1, 2017.

CanadaEnergy and Natural Resources

The expansion of Ontario's Industrial Conservation Initiative (ICI) to provide electricity rate relief to more businesses comes into effect on January 1, 2017. Businesses who want to participate in the expanded ICI program must provide written notice to their electricity provider in order to qualify.

In our September 2016 Blakes Bulletin: New Opportunities for Ontario Businesses to Benefit from Electricity Rate Relief Program, we explained the ICI program and how it can benefit business users of electricity by reducing the global adjustment charge — a charge that has been, by far, the largest component of a typical business' electricity costs.

In the September 15, 2016 Throne Speech, the Ontario government announced that it would be expanding the ICI, but did not provide any details as to which consumers would be allowed to benefit from the expanded ICI.

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