Ontario's plan to reduce electricity costs for homes and businesses was met with mixed reaction from the province’s automotive industry.
The government said March 2 it will expand the Industrial Conservation Initiative (ICI) program to include more midsize manufacturers, with up to 25 per cent off electricity bills to smaller ones.
Ontario is reducing the qualifying threshold for ICI to an average hourly peak demand of 500 kilowatts, down from one megawatt, to open the program to hundreds more operations.
It’s the second adjustment to the ICI program this year and came a week after Minister of Economic Development Brad Duguid told Automotive News Canadathe province would work with medium-sized auto parts manufacturers to “provide them breaks on their energy costs.”
According to the Ministry of Energy’s website, companies could save 14 per cent on their bill “by simply enrolling in the program and depending on their ability to reduce peak electricityconsumption, they could save up to 34 per cent.”