The Independent Electricity System Operator (IESO) is pleased to announce the official launch of XLerate.
This redesigned program replaces the previous Industrial Energy Efficiency Program (IEEP) and is part of the IESO’s ongoing commitment to support Ontario’s industrial (greenhouse and all agriculture are considered industrial), municipal, institutional, and healthcare sectors in achieving large-scale, impactful energy efficiency improvements.
What’s New
XLerate is a streamlined, pay-for-performance initiative that offers:
- Incentives of $300/MWh of verified energy savings and $450/MWh for projects located in grid-constrained local areas
- Coverage of up to 75% of eligible project costs, with a cap of $15 million per project
- Feasibility study funding (50% cost-share) to help reduce upfront risk
- A lowered minimum project threshold of 600 MWh/year to expand eligibility
Key Benefits
- Simplified application and participation process
- Flexibility to align with your capital planning timelines – 5-year implementation window
- Comprehensive support services guide participants from initial scoping through implementation and measurement & verification (M&V).
Next Steps
- Visit XLerate | Save on Energy and click “Apply” to fill out an Expression of Interest form OR
- Email XLerate@ieso.ca to connect with IESO’s Business or Technical Advisors