Ontario Provides Stable Electricity Pricing for Industrial and Commercial Companies

Ontario announced that it will provide predictable electricity rates for two years for industrial and commercial companies.

The Ontario government is helping large industrial and commercial companies return to full levels of operation without the fear of electricity costs spiking by providing more stable electricity pricing for two years. Effective immediately, companies that participate in the Industrial Conservation Initiative (ICI) will not be required to reduce their electricity usage during peak hours, as their proportion of Global Adjustment (GA) charges for these companies will be frozen. Read the full media release.