In a world where international competition is intense and the fight against climate change is prompting organizations to turn to renewable energy, your business has a lot to gain from choosing electricity and capitalizing on its two key advantages: cost-effectiveness and sustainability.
To allow its Rate L industrial customers to benefit from hydroelectricity in the context of an energy surplus, Hydro-Québec has introduced the Industrial Revitalization Rate. In effect since April 1, 2018, this competitive rate applies to Rate L customers undertaking to return unused production capacity to operation or to convert an industrial process that is currently powered by fossil fuel to electricity.
- You must have a Rate L contract or become eligible for Rate L with the implementation of your project.
- The new load to be served must represent at least 500 kW in additional demand. This load must not be the result of production transfers between facilities of the same company or of different companies in Québec.
- You must commit to the new rate for at least three consumption periods during the 12 consecutive monthly periods following the sign-up date.
A profitable offer
Highly competitive rate
The most attractive aspect of the Industrial Revitalization Rate is that the supplementary electricity is charged at the avoided electricity cost, though it cannot be lower than 3.28¢/kWh. With this rate, electricity has never been a smarter choice!
Have you joined the carbon market? By converting your industrial processes to electricity, you could resell your GHG emission units and contribute to Québec’s energy transition.
Do you need new equipment? Are you looking to build a new transmission line? Consider your options! Your investment project could be eligible for government funding in the form of lower electricity costs for Rate L customers.
The financial support may cover up to 50% of eligible costs. The deadline to submit an application is December 31, 2018.
The Industrial Revitalization Rate for Rate L customers is subject to certain conditions.
- The supplementary electricity consumed must not cause your power demand to exceed the available power determined by Hydro‑Québec for your electrical installation.
- In some instances during the winter period, Hydro‑Québec may ask you, on two hours’ notice, not to consume supplementary electricity supplied under this rate, based on system management requirements and availability.
Have questions? Need assistance?
Your project is important to us. Hydro‑Québec experts can guide you in your expansion or conversion project right from the design phase and help you take full advantage of this rate. Contact your commercial officer who will gladly answer all your questions.
Hydro‑Québec, your partner in business.