Northern Energy Advantage Program

By mmuise
Description:

The Northern Energy Advantage Program (NEAP) supports Northern Ontario’s largest industrial electricity consumers with competitive, stable and predictable electricity price rates. The program helps them improve their competitiveness and their ability to secure investments, while continuing to create and sustain good jobs in Northern Ontario.


Comments on Funding:

Program participants receive a rebate of two cents per kilowatt hour. Individual rebates are capped at 2017 to 2020 average consumption levels.

Deadline: Currently accepting applications
Eligibility:

To apply for the Northern Energy Advantage Program (NEAP), each individual facility must be:

  • located in Northern Ontario;
  • directly owned and controlled by the applicant;
  • a production or processing facility that consumes a minimum of 50,000 mega-watt hours (MWh) of electricity per year;
  • classified as being within one of the following North American Industry Classification System (NAICS) 2002 industry sectors (with certain exceptions outlined in the program rules):
    a) mining and oil;
    b) gas extraction;
    c) manufacturing;
    d) other industries may be considered where the company and/or facility is aligned with, or complementary to, eligible industries such as the battery supply chain or clean technologies;
  • a market participant purchasing electricity from either:
    a) the Independent Electricity Service Operator (IESO) administered electricity market;
    b) a local distribution company, including Hydro One.
Application Steps:

Applicants must:

1. download and complete the application form;

2. send their completed application, including all required documentation, by email or mail to:

Alexandra Stempel, Northern Energy Advantage Program, Ministry of Northern Development, Mines, Natural Resources and Forestry, 159 Cedar Street, 7th Floor, Sudbury, Ontario, P3E 6A5.

Documentation Needed:

Applicants must submit:
1. a completed application form;
2. audited annual financial statements from the two most recent fiscal years;
3. annual forecast sales or production and EBITDA for each facility for the applicant’s fiscal years ending
March 31, 2027;
4. forecast of total capital expenditures for each facility for the applicant’s fiscal years ending March 31, 2027.
5. a list of projects associated with expenditures;
6. an Energy Management Plan.

Other Things to Note:

Updated: March 16, 2023
Published: January 13, 2022

About the author
mmuise