Comments on Funding:
The IESO will provide:
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.
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.
Other Things to Note:
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.