Ontario Provides Stable Electricity Pricing for Industrial and Commercial Companies
Many hotel properties have never participated in the Industrial Conservation Initiative program – which, despite the name, is open to all properties with an average monthly demand of at least 1 megawatt – so that makes them among the only properties that will be able to tap into expected savings this summer. (Properties that have already been participating are now locked in with their current formula for deriving their share of the Global Adjustment charge for an extra year.)
The Canadian Hotel Advisor Collective was jointly formed by Blake, Cassels & Graydon LLP, BLG LLP, Cassels, Brock & Blackwell LLP, CBRE Hotels, CFO Capital, Clifton Blake, Colliers Hotels, Cushman & Wakefield, Goodmans LLP, Hub Insurance, HVS, JLL, Nanos Research and supported by Big Picture Conferences as a response to the impact of COVID-19 on firms and to act as a centralized source to filter, funnel and direct timely, useful information for industry stakeholders from industry stakeholders during this difficult time.
Initially, we look to accomplish this through recurring informational webinars and a dedicated website with the latest hotel research, data and best practices to help industry participants navigate the daunting business and operational challenges posed by the novel coronavirus. By drawing on our deep hotel industry knowledge and comprehensive network of relationships both nationally and internationally, we hope to bridge valuable information that owners, operators, brands, lenders and government are searching for and provide expertise and insight.
As a collective, we stand by our clients, partners and friends who are facing an unprecedented challenge and together are expressing the support of each of our firms.
