Elec­tric­ity pro­gram ‘an in­cen­tive for busi­nesses’

En­ergy min­is­ter vis­its Hamil­ton man­u­fac­tur­ing plant to tout ben­e­fits of in­dus­trial con­ser­va­tion ini­tia­tive

The Hamilton Spectator - - BUSINESS - THE HAMIL­TON SPEC­TA­TOR

On­tario En­ergy Min­is­ter Glenn Thibeault was in town to show how a Hamil­ton com­pany is a ben­e­fi­ciary of the prov­ince’s in­dus­trial con­ser­va­tion ini­tia­tive (ICI).

Thibeault was at A. Ray­mond Tin­ner­man Man­u­fac­tur­ing Hamil­ton Inc. on Park­dale Av­enue North on Thurs­day. The com­pany pro­duces metal fas­ten­ers for au­to­mo­tive and in­dus­trial mar­kets.

Thibeault said many busi­nesses can see a re­duc­tion of up to a third in their elec­tric­ity bills un­der the ini­tia­tive.

The ICI, which low­ers elec­tric­ity rates for large com­pa­nies, pro­vides a strong in­cen­tive for com­pa­nies to lower their cost by re­duc­ing their elec­tric­ity use dur­ing sys­tem peak hours and shift­ing it to off-peak hours, Thibeault said.

Ray­mond Tin­ner­man plant man­ager Chris Roik said the com­pany stands to save $116,000 a year on an oth­er­wise $900,000 an­nual elec­tric­ity bill.

Ray­mond Tin­ner­man now qual­i­fies for the ICI pro­gram be­cause the prov­ince low­ered the el­i­gi­bil­ity to join. Now all elec­tric­ity con­sumers with av­er­age monthly peak de­mand greater than one megawatt can par­tic­i­pate.

“The ICI pro­gram pro­vides an in­cen­tive for busi­nesses and large elec­tric­ity con­sumers across the prov­ince to con­serve en­ergy dur­ing the peak hours of con­sump­tion, and in com­bi­na­tion with these con­ser­va­tion mea­sures, the prov­ince and all of its ratepay­ers will ben­e­fit,” Thibeault said, “be­cause through the en­ergy we’re con­serv­ing through this pro­gram, we’re able to di­vert a need to build ex­ten­sive … gen­er­at­ing fa­cil­i­ties in the long term.”

On­tario busi­ness own­ers have com­plained that high elec­tric­ity rates put them at a se­vere dis­ad­van­tage and, in some cases, are a threat to their sur­vival.

The prov­ince an­nounced ear­lier this year it would ex­pand the ICI so that mid-sized man­u­fac­tur­ers can save up to a third of their elec­tric­ity costs on the global ad­just­ment line of their power bill.

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