Ontario companies have a unique opportunity to maximize their operational expenses and help to create a more sustainable energy future in an evolving landscape of energy consumption. Leading the way with a strategic approach for major industrial energy consumers to drive efficiency, lower costs, and improve the environment is the Industrial Conservation Initiative (ICI) program.
Understanding the ICI Program
What is ICI?
The Industrial Conservation Initiative is a forward-thinking program in Ontario that encourages and rewards major electricity consumers for limiting their energy consumption during peak demand times. Businesses contribute significantly to the stability of the electrical grid while also benefiting from financial incentives and lower electricity bills.
Key Features and Benefits:
Peak Demand Management:
- ICI participants actively try to cut their electricity use at recognized peak times.
- By doing this, companies help to properly control peak demand and support the stability and dependability of the electrical grid.
Global Adjustment Reduction:
- Closely related to the Global Adjustment mechanism, the initiative lets companies cut their electricity consumption.
- Unlocking possible savings and enhancing cost efficiency helps businesses reallocate resources toward other key projects.
Financial Incentives:
- For their dedication to lower the demand for electricity during peak times, participants get financial incentives.
- This presents a direct return on investment and establishes companies as leaders in environmentally friendly operations.
Eligibility Criteria:
- Industrial consumers with a high degree of electrical consumption are welcome under the ICI program.
- For information on particular eligibility criteria, interested companies should get in touch with the Independent Electricity System Operator (IESO).
Getting Started with ICI
Contact IESO:
- Companies starting the procedure can get in touch with the Independent Electricity System Operator (IESO).
- IESO offers comprehensive details on eligibility, enrollment, and general program structure.
Assessment and Planning:
- Analyze your energy consumption with IESO and your electricity provider.
- Create a tailored strategy that best fits your company objectives and optimizes involvement in lowering peak demand.
Implementation
- Use technologies and energy-efficient behaviors to aggressively lower usage during peak demand.
- To maximize benefits and enhance energy management plans, routinely track and document your performance.
Edgecom Energy can Help you Join the ICI Program!
Edgecom Energy is one of the leading experts in the ICI Program and has led multiple companies to successful enrollments and optimization in energy consumption. With an intimate understanding of the complexities in the ICI Program, trusted business partners continue to rely on Edgecom Energy for expertise in navigating Ontario, Canada’s complex landscape of electricity costs. One of the flagship offerings is pTrack® state-of-the-art software, a sophisticated solution to help companies effectively reduce energy consumption at peak demand. Our pTrack® empowered businesses to spend less curtailing and never miss a peak, which in turn results in huge savings on Global Adjustment costs. Edgecom Energy is committed to delivering customized solutions, utilizing the latest in technology to help clients reach optimal energy efficiency and financial savings through the ICI Program. Edgecom Energy is also a Demand Response aggregator which provides large energy consumers a new revenue stream for supporting the grid. Contact Us today to learn more!
