Ontario reducing electricity costs for businesses in the North
The province is providing support for large and industrial businesses through the improved Northern Industrial Electricity Rate (NIER) program, ensuring more stable electricity costs.
This support will enable them to better plan for long-term growth and continue to create and sustain good jobs in Northern Ontario.
The NIER program will continue to invest up to $120 million each year to assist Northern Ontario’s largest industrial electricity users reduce their energy costs.
Participating companies receive a rebate of up to $20 million per year.
Since the program was launched in 2010, approximately $784 million has been disbursed to participating facilities. ■