Commercial Power Subsidy

In support of the development of northern business and the encouragement of private home ownership, the Government of Nunavut will provide for equitable power rates. The Nunavut Electricity Subsidy Program (NESP) is designed to provide small commercial enterprises and private residential power consumers, with equitable rates for power consumption. The cost differential for power consumption between Iqaluit rates and those of other Nunavut communities will be paid for by this Contribution Policy, up to specified consumption levels. Under the conditions outlined in this directive, subsidized rates for all Nunavut communities will be calculated at 50 percent of the Iqaluit base rate.

Nunavut Electricity Subsidy Program Contribution Policy

Eligibility 

To qualify for Commercial Power Subsidy, the following must apply to your business:

• Gross revenue of business named was less than $2 million for the calendar year for which you are applying
• No other subsidy has been received from Power Corporation

Claims must be supported by:

• Copies of paid power bills or Account History from Power Corporation for the year of application
•  Copy of Financial Statement for the applicable year or copy of Federal Income Tax Return

NOTE: THIS SUBSIDY IS CONSIDERED TAXABLE INCOME

Application

Commercial Power Subsidy Application Form

Please forward completed application to:
Nunavut Electricity Subsidy Program
Department of Finance
Government of Nunavut
Box 1000, Station 360 Iqaluit,
NU X0A 0H0
Phone: (867) 975-5800
Fax: (867) 975-5868