Topic:"Energy Efficiency Financing" in M12494

As of August 30, 2025, $172,734,734 in project costs (incurred to end of June 2025) were submitted to Natural Resources Canada (NRCan) under the Smart Renewables and Electrification Pathways Program (SREP) and the Electricity Predevelopmen...

AI summary As of August 30, 2025, $172,734,734 in project costs were submitted to NRCan under the SREP and EPP. $94,308,625 have been approved, resulting in $67,155,509 in funding received. The remaining $78,426,109 is under review. Costs can be funded by either EPP or SREP, not both, and only certain preconstruction costs are eligible for the EPP.

Figure 6: Summary of NRCan Funding EPP SREP Allowable project costs submitted to date $6,816,204 $165,918,530 Approved costs to date $5,443,122 $88,865,503 Funding received to date $5,443,122 $61,712,387 Costs under review $1,373,082 $77,0...

AI summary Figure 6 presents a summary of NRCan funding for the EPP and SREP programs, showing approved costs, funding received, and funding levels. The SREP has a total funding level of 33.3% by the end of the project, with current funding at 69%.