Ontario Ministry of Northern Development – Northern Energy Advantage Program
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.
Eligibility:
To apply for the Northern Energy Advantage Program (NEAP), each individual facility must be:
Applications Steps:
Applicants must:
Documentation Needed:
Applicants must submit:
- a completed application form;
- audited annual financial statements from the two most recent fiscal years;
- annual forecast sales or production and EBITDA for each facility for the applicant’s fiscal years ending
March 31, 2027; - forecast of total capital expenditures for each facility for the applicant’s fiscal years ending March 31, 2027.
- a list of projects associated with expenditures;
- an Energy Management Plan.
Program Contact:
When It Ends:
Ongoing
Deadline:
Rolling deadline