New Corporate Power Purchase Agreements for Industrial Conservation Initiative Participants
June 12, 2025
The Government of Ontario has amended Ontario Regulation 429/04 to create a new option for participants in the Industrial Conservation Initiative (ICI) program to access clean electricity through Corporate Power Purchase Agreements (C-PPAs).
The new framework enables large electricity consumers to enter C-PPAs with eligible non-emitting generators located anywhere in Ontario, as long as both parties are market participants. Electricity secured through a C-PPA can be used to help reduce a facility’s Global Adjustment charges under the ICI program, offering a new financial tool to manage energy costs that supports investments in non-emitting generation.
More information can be found on the C-PPA webpage and participants are encouraged to subscribe to the C-PPA subscriber list for future updates.