Ontario Provides Stable Electricity Pricing for Industrial and Commercial Companies

Ontario Provides Stable Electricity Pricing for Industrial and Commercial Companies

Ministry of Energy, Northern Development and Mines

TORONTO - The Ontario government is helping large industrial and commercial companies return to full levels of operation without the fear of electricity costs spiking by providing more stable electricity pricing for two years. Effective immediately, companies that participate in the Industrial Conservation Initiative (Global Adjustment (GA) charges for these companies will be frozen.

"Ontario's industrial and commercial electricity consumers continue to experience unprecedented economic challenges during COVID-19," said Greg Rickford, Minister of Energy, Northern Development and Mines. "Today's announcement will allow large industrial employers to focus on getting their operations up and running and employees back to work, instead of adjusting operations in response to peak electricity demand hours."

Due to COVID-19, electricity consumption in Ontario has been below average and the province is forecast to have a reliable supply of electricity to accommodate increased usage. Peak hours generally occur during the summer when the weather is hot and electricity demand from cooling systems is high.

"Today's action will reduce the burden of anticipating and responding to peak hours for more than 1,300 previously announced it was providing temporary relief for industrial and commercial electricity consumers that do not participate in the Regulated Price Plan (website to learn more about how the province continues to protect Ontarians from COVID-19.

  • Visit the Independent Electricity System Operator's (IESO) website to learn more about Class A programs to help businesses manage their energy costs.
  • Ontario Provides Consumers with Greater Stability and Predictability with their Electricity Bills
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