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Peak Perks
Peak demand rewards for Ontario smart thermostats
Last Update: May 27, 2026
Funding available
$ 75
Timeline
- Open continuously
Location
Ontario, Canada
Overview
Peak Perks offers Ontario residential and small business electricity customers a $75 virtual prepaid Mastercard® when they enroll, plus a $20 virtual prepaid Mastercard® each additional year they stay enrolled. The program rewards participants for reducing electricity use during peak demand through brief smart thermostat adjustments, with the option to opt out at any time.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase performance through digital transformation
- Reduce environmental footprint
Eligible Funding
- Maximum amount : 75 $
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Utilities
- Other services (except public administration)
- Public administration
Location
- Ontario
Legal structures
- For-profit business
- Sole proprietorship
Annual revenue
- All revenue ranges
Organisation size
- 50 employees maximum
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Enroll an eligible smart thermostat in Peak Perks.
- Participate in brief thermostat adjustment events during peak electricity demand.
- Reduce electricity use during summer peak periods.
Eligibility
Who is eligible?
- Residential electricity customers in Ontario.
- Small businesses in Ontario.
Who is not eligible
- Businesses with more than 50 employees on site.
- Customers in Cornwall, Ontario connected to the Hydro Quebec electricity grid.
- Participants in another Ontario demand response program with automatic thermostat adjustment.
Eligible geographic areas
- Ontario.
- Cornwall, Ontario is excluded.
Processing and Agreement
- Applications are reviewed by the Independent Electricity System Operator (IESO).
- Applicants receive written notice of acceptance or rejection.
- Eligibility decisions are final and binding.
- Participants must comply with the program terms to remain enrolled.
Additional information
- Participants receive a $75 virtual prepaid Mastercard® when they enroll, and a $20 virtual prepaid Mastercard® each year they remain enrolled.
- Participants are notified before every thermostat adjustment and can opt out at any time by changing the temperature manually or in their provider’s mobile app.
- Enercare or Reliance customers may be eligible for extra enrollment incentives through matching offer programs.
- Additional smart thermostat makes and models may be added in 2025; applicants are encouraged to check back for updates.
Frequently Asked Questions about the Peak Perks Program
Here are answers to the most common questions about the Peak Perks. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
What is the Peak Perks?
Peak Perks offers Ontario residential and small business electricity customers a $75 virtual prepaid Mastercard® when they enroll, plus a $20 virtual prepaid Mastercard® each additional year they stay enrolled. The program rewards participants for reducing electricity use during peak demand through brief smart thermostat adjustments, with the option to opt out at any time.
How much funding can be received?
Peak Perks Funds up to $75 of admissible expenses.
Who is eligible for the Peak Perks program?
To be eligible for the Peak Perks program, you must:
Ontario residential or small business customer.
Eligible Wi-Fi smart thermostat installed.
Business with 50 or fewer employees.
What expenses are eligible under Peak Perks?
Enroll an eligible smart thermostat in Peak Perks.
Participate in brief thermostat adjustment events during peak electricity demand.
Reduce electricity use during summer peak periods.
Who can I contact for more information about the Peak Perks?
You can contact Independent Electricity System Operator (IESO).
Where is the Peak Perks available?
The Peak Perks program is available the province of Ontario.
Who are the financial supporters of the Peak Perks?
Peak Perks is funded by Independent Electricity System Operator (IESO), Save on Energy (SOE)