Sault Ste Marie Companies Saving On Electricity Costs
McGuinty Government Helping To Keep Electricity Costs Down, Protect Jobs
Ontario is helping three companies in Sault Ste Marie's industrial sector to reduce their electricity costs, stay competitive and protect 3,700 jobs.
Through the Northern Industrial Electricity Rate (NIER) program, Flakeboard Company Ltd., Essar Steel Algoma Inc. and St. Marys Paper Corp. will receive energy rebates of two cents per kilowatt-hour (kWh) to help manage their electricity costs and improve their energy efficiency and sustainability.
Partnering with companies in Northern Ontario communities is part of the McGuinty government's plan to create and support jobs for Ontario families and to strengthen local economies.
- Ontario has provided retro-active rebates for the 2010-2011 fiscal year of $1.9 million to Flakeboard Company Limited, $11.5 million to Essar Steel Algoma Inc. and $1.5 million to St. Marys Paper Corp. These companies will also be eligible for future rebates.
- The three-year Northern Industrial Electricity Rate (NIER) program is averaging $150 million per year to assist Northern Ontario's largest industrial electricity consumers.
- Companies receiving rebates under the NIER program will decrease their energy costs by approximately 25 per cent.
“The province's electricity costs saving measures are helping our large local companies maintain their competitive advantage while also protecting jobs and Ontario's conservation programs are reducing the overall cost of generating energy for both residents and businesses. We are also focused on reducing energy costs for individuals and families, which is why we created a permanent Northern Ontario Energy Credit and increased the Ontario Energy and Property Tax Credit that when combined with the new provincial Clean Energy Benefit provides substantial energy cost savings for northerners.”
“Flakeboard is very appreciative of the government's recognition that Northern Ontario businesses are significantly challenged. This program provides the necessary support for our SSM facility to pursue energy conservation initiatives that would otherwise be very difficult to implement. The government is commended for setting up the program that ensures we are accountable for delivering an Energy Management Plan; a plan that provides measurable gains in energy conservation. These gains will help support the long-term viability of the operation for the benefit of all stakeholders in our community and province.”
M. Mike Rosso