Save On Energy – Energy Manager Program for SMEs

By mmuise

The Save on Energy – Energy Manager Program provides funding to participants to hire an energy manager or complete an energy assessment for their business.

Comments on Funding:

The IESO will provide:
- up to 75% to a maximum of $80,000 for the hiring of an energy manager. The participant must commit to reducing total annual facility consumption by 3% through a combination of electricity and natural gas reduction measures.
- 75% of the cost and up to $5,000 per assessment to conduct an energy assessment of a building or building system.

Companies approved will be eligible to receive an upfront payment of up to $20,000 annually upon the hiring of an energy manager and up to $150,000 per year to compensate their energy manager based on their performance – this will be at a rate of $300 per kW of peak demand reduction. Energy managers can reach their targets through projects supported by other Save on Energy incentives, and a minimum of 20% of savings must come from projects that have not received any incentive.

Deadline: no longer accepting new applicants

Applicants must:

  • be small or medium-sized enterprises with fewer than 500 employees;
  • own/manage facilities connected directly or indirectly to the grid in Ontario;
  • be a commercial, institutional, or industrial customer and/or manage a facility of a customer;
  • not be insolvent;
  • commit to reducing total annual facility consumption by 3% through a combination of electricity and natural gas reduction measures;
  • have a total annual electricity consumption greater than 2,500,000 kWh and total annual natural gas consumption of 200,000 m3, or a combined annual energy consumption of 16,500 GJ;
  • not have had five (5) or more previous 12-month or shorter terms receiving Energy Manager funding from the IESO (participants who have received funding for five (5) or more terms may be considered eligible at the IESO’s discretion);
  • identify an Executive Energy Sponsor and demonstrate how the sponsor will support the Energy Manager; and
  • execute a Participation Agreement with the IESO.

    Businesses registered in the Output-Based Pricing System in the federal Greenhouse Gas Pollution Pricing Act are not eligible.
    Participants in the program may not opt into the Output-Based Pricing System for the duration of the their participation in this offering.
Application Steps:

Applicants must:

1. complete and submit the Application to

2. complete and submit the Energy Manager for SMEs Agreement., if approved.

Documentation Needed:

Applicants must:
1. complete and submit the Energy Manager Application to,
2. complete and submit the Energy Manager Agreement, if the application is approved.
3. execute a Participation Agreement with the IESO,
4. demonstrate to the IESO’s satisfaction the potential to reach the associated Minimum Annual Savings Target (which includes any applicable Shortfall Amount).

Other Things to Note:

Nov. 2023:
Please note that the Energy Manager program has ended and is no longer accepting new applicants. We encourage you to consider our new program, the Strategic Energy Management (SEM) program. This is a transformational program designed to help organizations in Ontario improve their energy performance by implementing an integrated system of organizational practices, policies and processes to achieve persistent energy savings.

Check back soon, starting 2023, this program will transition to a Strategic Energy Management (SEM) program that provides training, resources and enhanced technical support to companies with a dedicated energy manager.
1. Please note: This is a limited time offer with limited funding available. Applicants will be considered on a first come, first-served basis.
2. The fall application window is now closed and applications for 2022 energy manager funding are under review.

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