Your customer can get up to 70 per cent of complex project upgrade costs back through capital incentives.
The Process and Systems Upgrade program is delivered by the Independent Electricity System Operator (IESO).
Visit our FAQs for more information.
The project capital incentive is designed for very large process and system energy efficiency projects that your customer is looking to undertake.
Project Incentive summary of incentives, requirements and terms
The lesser of:
Up to 70 per cent of project costs
$200 per MWh of annual electricity savings
The amount that would provide a project payback of one year
|Minimum project energy savings
||300 MWh per year|
|Measurement and Verification terms||One year|
|Payment terms||A) Advance payment: Payments are made during construction as costs are incurred.
B) Deferred payment: Payments are made at the completion of the project and after measurement and verification have been completed.
To be eligible for project incentives, your customer must be a single facility connected to a local hydro company distribution network. The proposed project must be in service before December 31, 2020 and provide annualized electricity savings of greater than 300 MWh.
Note the following projects do not qualify for capital incentives unless otherwise approved in writing by the LDC: lighting, demand response, electricity generation or fuel-switching projects.