Toronto, ON, Canada --- (METERING.COM) --- November 9, 2010 - Ontario’s Coalition of Large Distributors has launched a framework to encourage the province’s largest businesses to contribute towards meeting the province’s energy savings goals.
The framework includes new energy conservation incentive programs, which are in the final stages of development and will be launched January 1, 2011. These include:
- A range of financial incentives for pre-approved energy conservation retrofits for commercial, industrial, retail and multi-residential projects, as well as for new construction projects
- Incentives from $400 per kilowatt for lighting retrofits to $800 per kilowatt for cooling/heating improvements
Incentives of $0.20 per kilowatthour of annualized savings up to a maximum of 70 per cent of the total project cost
- Demand reduction programs with one-time rebates as well as ongoing incentives each time businesses cycle down during peak times.
According to targets proposed by the Ontario Power Authority, by 2014, the province's largest electricity distribution companies must reduce electricity consumption by 3,900 GWh and peak demand by 860 MW – roughly 66 percent of total electricity savings for the province. Gas distribution companies are currently working with the Ontario Energy Board to establish their targets for 2012 forward.
“In recent years, the electricity and gas sectors in Ontario have demonstrated their leadership by putting energy conservation on the public's radar screen and delivering significant energy reductions in the residential sector,” said Anthony Haines, president and CEO of Toronto Hydro Corporation. “We're delighted to be in a position to help the province move to the next level by offering a coordinated portfolio of energy conservation programs designed specifically to help business customers continue the momentum."
The Coalition of Large Distributors comprising Ontario's largest electricity and gas distribution companies, was established in 2005 by Toronto Hydro-Electric System Limited, PowerStream, Hydro Ottawa, Enersource, Horizon Utilities and Veridian Connections, with Hydro One, Enbridge Gas Distribution and Union Gas joining earlier this year.