Hydro Breaks for New Industry

Tuesday, 12 June 2012 07:34

Large industries looking to expand or set up shop in Ontario will be able to qualify for lower electricity prices starting next year. Eligible companies could qualify for a reduced electricity rate if they create new jobs and bring new investment to Ontario. Companies that make a minimum investment of $250 million will be eligible for long-term contracts at the wholesale market price, about 30 per cent less than current rates. If the new jobs disappear, so the company's access to the lower electricity rate.\

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