Northern Industrial Electricity Rate Program
The Ontario government intends to extend the Northern Industrial Electricity Rate (NIER) Program, which assists Northern Ontario’s largest industrial electricity consumers – and key economic contributors – to reduce energy costs, sustain jobs and maintain global competitiveness.
The program was first announced in March 2010 for a three year period, and with a commitment to reassess need before March 2013.
Participants are required to develop and implement an energy management plan to manage their energy usage and reduce costs. On average, industrial electricity prices can be reduced by up to 25 per cent through the program.
The province is proposing to extend the NIER program by investing $360 million ($120 million per year) over three years – commencing 2013/14.
When the proposed program begins on or around April 1, 2013, current participants would continue to receive a rebate of two cents per kilowatt hour – with individual rebates capped at 2011-12 consumption levels, or $20 million per year per company – whichever is lower. These participants would be extended subject to:
- Annual approval of program funding
- Being in good standing with the current program
- Meeting revised program rules that are expected to be outlined in or around April 2013, and
- Entering into a satisfactory amended NIER agreement.
New applicants would be accepted subject to annual program funding being approved, the availability of unallocated program funding and revised program rules.
For more information on the proposed extension of the program please see the December 14, 2012 media release.
Please note that the existing NIER - Program Rules will be revised when the proposed program begins, in or around April 2013. The NIER program is no longer accepting applications.
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