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Lower rates help Northern Ontario residents and industry

NEWS RELEASE DAVID ORAZIETTI, MPP *************************** Decrease in off-peak prices lowers energy rates Combination of provincial energy credits helping support Northern Ontario residents and industrial sector SAULT STE.
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NEWS RELEASE

DAVID ORAZIETTI, MPP

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Decrease in off-peak prices lowers energy rates

Combination of provincial energy credits helping support Northern Ontario residents and industrial sector

SAULT STE. MARIE - The Ontario Energy Board announced that lower mid-and-off peak electricity prices will reduce monthly bills by 1.6 percent for almost 90 percent of Northern Ontario residents, which is in addition to the three existing individual and family credits from the Province, David Orazietti, MPP announced today.

“We are working to reduce energy costs for individuals and families, which is why the province created a permanent Northern Ontario Energy Credit and increased the Ontario Energy and Property Tax Credit,” said Orazietti. “When combined with the provincial Clean Energy Benefit there are three useful programs that northerners can take advantage of to reduce their energy costs.”

The province is providing the following programs to make energy costs more affordable, including:

  • The Northern Ontario Energy Credit, introduced by the province in 2010, is saving northerners an average of $137 and families $210 a year to help with winter heating and more expensive fuel costs
  • The Ontario Energy and Property Tax Credit can save low-to-middle income earners up to $946 per year, and seniors $1078
  • The Ontario Clean Energy Benefit, which automatically takes 10 percent off almost everyone's total monthly bill

In addition, the Northern Industrial Electricity Rate Program (NIERP) is helping Northern Ontario companies protect and create jobs in the mining, forestry and manufacturing sectors.

Local companies that are benefiting from the NIERP plan include Essar Steel Algoma, Tenaris Tubes and Flakeboard with estimated savings of:

  • Essar Steel Algoma and Tenaris Tubes: $11.5 million this year and approximately $35 million over three years
  • Flakeboard Company: $1.9 million this year and approximately $6.4 million over three years

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