The IESO’s Save on Energy Industrial Energy Efficiency Program (IEEP) supports industrial customers across Ontario in improving their industrial processes and implementing system optimization projects. The program offers organizations up to $5 million in financial incentives for each large, complex industrial energy-efficiency project accepted into the program. Eligible projects will deliver electricity savings using proven commercial technologies to lower energy consumption and reduce electricity bills.
IEEP provides overall total funding of nearly $80 million to qualifying industrial participants over two competitive rounds of funding to be initiated in 2022 and 2023 respectively. In each round, participant applications will be ranked on the electricity savings their projects can achieve cost effectively, among other criteria. The organizations with the highest-ranked applications will be eligible to receive funding for their project(s).
Round 1 offers participants up to $5 million per project in incentives. Round 1 opened on April 11, 2022 and will close on September 30, 2022. The application process has two stages.
Participants with successful applications must have their project(s) in service within three years of the contract date or by December 31, 2026, whichever is earlier.
Round 2 opens for applications October 1, 2022 and closes on August 15, 2023. Funding for Round 2 projects will be awarded in late 2023.
Participants must be:
Projects must:
Note: Please refer to the Evaluation Criteria and in the Key Program Documents section.
For more information and guidance, please refer to the International Performance Measurement and Verification Protocol (IPMVP) documents in the Key Program Documents section.
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Are you wondering if your project is eligible? The IEEP project team can help you every step of the way. Questions about the program can be sent to IndustrialEEprogram@ieso.ca.
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