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The Ontario government has announced it plans on making the Northern Industrial Electricity Rate (NIER) Program permanent.
Sudbury MPP Glenn Thibeault made the announcement in Sudbury while Northern Development and Mines Minister Michael Gravelle held a press conference on the issue in Thunder Bay on April 17.
“Many of the major industries have been talking to me about the importance of this program,” Thibeault said.
Ontario is committing to an ongoing program, beyond March 2016, with continued investment of up to $120 million per year. The government will also undertake a review on the efficiency and effectiveness of the program and options for a sustainable approach.
The Northern Industrial Electricity Rate Program was introduced as a three-year program in 2010, and was extended in 2012, for qualifying Northern industrial customers. It aims to offset higher energy costs in the North due to climate and distance to markets.