Simcoe, ON – Today, Norfolk County Council announced its decision to sell its local electricity distribution company, Norfolk Power Distribution Inc. This decision was made unanimously after Council received a detailed financial and economic valuation on the company and after carefully considering the County’s options for the future of its local electricity utility.
Speaking on behalf of Norfolk County Council, Mayor Travale said “Council unanimously made this decision after a careful consideration of the challenges facing the company and the County. We want to ensure the long-term sustainability and growth of the County while offering electricity customers served by Norfolk Power reliable and safe services at competitive rates into the future.” Norfolk Power serves areas in and around Simcoe, Port Dover, and Waterford and the communities of Delhi and Port Rowan. All other areas of Norfolk County are served by Hydro One.
Small municipal electricity distribution companies face many complex challenges. These include:
The need to address increasing levels of regulation;
- The requirement to offer more services to customers, such as energy efficiency and demand management programs;
- Maintaining competitive rates for customers while ensuring a reliable, safe system;
- Working with a wide range of new renewable energy companies that offer customers access to solar power and other forms of renewable energy;
- Government of Ontario may move toward reducing the number of local utilities.
“As we move forward with the sale process, Council will ensure that the County receives the best offer possible for a valuable community asset. This will include commitments to maintaining and improving service to electricity consumers and benefits to our local community and taxpayers,” stated Mayor Travale.