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 large-power industrial customers (Rate L) to benefit from hydroelectricity in the context of an energy surplus, Hydro-Québec is proposing the Industrial Revitalization Rate. This new competitive rate, which will come into effect on April 1, 2018 (subject to approval by the Régie de l’énergie), will apply to customers undertaking to return unused production capacity to operation or to convert an industrial process that is currently powered by fossil fuel to electricity.
The most attractive aspect of the Industrial Revitalization Rate is that the supplementary electricity will only be charged at the Rate L energy price in effect (3.30¢/kWh proposed as of April 1, 2018), making electricity a smarter choice than ever.
The supplementary electricity is the energy consumed in addition to your historical demand, which is based on your consumption in the 12 monthly periods prior to your sign-up date or on any other method that is representative of your consumption profile prior to the implementation of your new project.
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.
Need to buy new equipment or invest in your facilities? Get informed ! 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 new Industrial Revitalization Rate is subject to certain conditions.
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 new rate. Contact your commercial officer who will gladly answer all your questions.
Hydro-Québec, your partner in business.