Grimsby Power

What Grimsby Power does

Grimsby Power Incorporated is a regulated Local Distribution Company (LDC) that distributes electricity to residential and commercial customers within the Town of Grimsby, Ontario. The company is majority-owned (90%) by the Town of Grimsby, with FortisOntario holding a 10% minority interest, and operates under Electricity Distribution Licence ED-2002-0554 issued by the Ontario Energy Board (OEB). The company serves all customers within its franchise territory, with segments including residential homeowners/renters and commercial/industrial businesses, and offers an array of customer-facing services including e-Billing, moving services, payment options, energy management, and C&I energy management.

The company's technology stack centers on physical electricity distribution infrastructure — power lines, transformers, and smart meters — supplemented by a customer-facing web portal (My Account) and standardized Green Button data access (Download My Data and Connect My Data), for which it holds Green Button Alliance certification. Additional product offerings include Distributed Energy Resources (DER) connection services for micro-generators (≤12kW) and embedded generators (>12kW), Time-of-Use, Tiered, and Ultra-Low Overnight pricing plans, conservation and demand management programs run in partnership with Burman Energy and the IESO's Save on Energy program, a Centralized Capacity Information Map (CCIM), and an underground locate service routed through Ontario One Call under Bill 8. No AI/ML capabilities or public APIs are documented.

Grimsby Power generates revenue through regulated electricity distribution rates approved by the Ontario Energy Board, charging customers for the delivery of electricity based on consumption (kWh) and fixed charges. Rates are adjusted periodically through Inflationary Renewal Mechanism (IRM) applications; recent OEB decisions resulted in a 4.80% distribution rate increase effective January 1, 2024 and a 3.27% increase effective January 1, 2026. Additional revenue comes from connection fees, service charges, and regulatory cost recovery. The company was formed in October 2015 through an OEB-approved amalgamation of Grimsby Power and Niagara West Transformation Corporation, and is not publicly traded.

Name

Grimsby Power

Legal name

Grimsby Power Incorporated

Website

https://grimsbypower.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Grimsby Power Incorporated is a municipally-owned regulated Local Distribution Company (LDC) distributing electricity to residential and commercial customers within the Town of Grimsby, Ontario, under Ontario Energy Board oversight.

Ownership category

akta.pro rank

Product category

Electricity Distribution

NAICS

Electric Power Distribution (221122), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Microgrid & Local Distribution Operators (Campus/Base/Industrial Park DSOs) (EUADABAF)

Keywords

• Electricity distribution services
• Local distribution company
• Regulated utility services
• Energy distribution infrastructure
• Municipal power utility

Headquarters

HQ city

Grimsby

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Others

Revenue model

1. Electricity Distribution Services: Grimsby Power generates revenue through regulated electricity distribution rates approved by the Ontario Energy Board. The company charges customers for the delivery of electricity based on consumption (kWh) and fixed charges. Rates are adjusted periodically through IRM (Inflationary Renewal Mechanism) applications to the OEB. Additional revenue comes from connection fees, service charges, and regulatory cost recovery.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Grimsby Power Incorporated is a regulated Local Distribution Company (LDC) that distributes electricity to all residential and commercial customers within the Town of Grimsby, Ontario, under licence from the Ontario Energy Board. The company also provides customer-facing services such as e-billing, account management, energy conservation programs, distributed energy resource connections, and regulated time-of-use, tiered, and ultra-low overnight pricing plans.

Product overview

Grimsby Power Incorporated is a Local Distribution Company (LDC) owned by the Town of Grimsby with FortisOntario holding a 10% share, responsible for distributing electricity within the Town of Grimsby, Ontario. The company's core offering is electricity distribution services regulated by the Ontario Energy Board. The product portfolio centers on electricity distribution with integrated customer-facing services including e-Billing via the My Account Portal, Green Button Data for standardized energy usage data access, Time-of-Use and Tiered pricing options, Conservation Programs administered through IESO/Save on Energy partnerships, and Distributed Energy Resources Connection for renewable energy systems. Additional services include Underground Locate Requests, Tree Trimming, New Services and Upgrades, Energy Management tools for residential and C&I customers, and Power Outage Tracking. The company does not offer AI/ML capabilities and has no public API documented.

Differentiator

Problem solved

Functional benefit

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Independent Electricity System Operator (IESO)coreStrategic or Co-development Partner · 21 March 2019IESO administers Save on Energy programs effective March 21, 2019. Grimsby Power directs customers to IESO for information on current conservation programs. IESO is responsible for electricity supply and conservation program administration in Ontario.
• Ontario One CallcoreChannel Partner/ Reseller/ Distributor · 14 June 2012Ontario One Call (ON1CALL) routes underground locate requests to Grimsby Power. Per Bill 8 (Ontario Underground Infrastructure Notification System Act), excavators contact Ontario One Call who then routes locate requests to relevant utilities including Grimsby Power for electrical lines.
• Burman EnergyminorImplementation/ SI/ Consulting PartnerGrimsby Power engaged Burman Energy to run conservation and demand management (CDM) programs for their utility, promoting energy conservation to customers through various offers and incentives.

Scale indicators1 record

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Alectra Utilities: Alectra is one of the largest municipally-owned LDCs in Ontario, serving multiple Greater Toronto and Hamilton Area municipalities. Comparable as an Ontario regulated electricity distributor with similar municipal ownership and OEB oversight, though substantially larger and more diversified than Grimsby Power.
• Hydro One: Hydro One is Ontario's largest electricity transmission and distribution provider. Comparable as an OEB-regulated wires company in the same province, though its scale, mix of transmission and distribution, and ownership profile differ materially from Grimsby Power.
• Toronto Hydro: Toronto Hydro is the largest municipally-owned LDC in Canada, serving the City of Toronto. Comparable in regulatory framework and municipal ownership, but orders of magnitude larger and more diversified than Grimsby Power.

Direct peers

• FortisOntario: FortisOntario is both a 10% owner of Grimsby Power and itself an Ontario LDC group (operating Cornwall Electric, Kingston Hydro, etc.). It is the most directly comparable peer as a sister Ontario LDC under common Fortis Inc. ownership, sharing regulatory framework, rate-setting process, and operational philosophy.
• Burlington Hydro: Burlington Hydro is a municipally-owned Ontario LDC serving the City of Burlington, adjacent to Grimsby in the Niagara/Halton region. Highly comparable as a small-to-mid-sized OEB-regulated municipal LDC with similar customer mix and product offering.
• Oakville Hydro: Oakville Hydro is a municipally-owned Ontario LDC serving the Town of Oakville, providing electricity distribution, street lighting, and energy services. Comparable in operating model, regulatory framework, and customer-facing digital service offerings.
• Entegrus: Entegrus is a municipally-owned Ontario LDC group serving southwestern Ontario communities. Comparable as a small-to-mid-sized OEB-regulated LDC with similar municipal ownership, customer base, and service profile to Grimsby Power.
• Newmarket-Tay Power Distribution: Newmarket-Tay Power is a small municipally-owned Ontario LDC serving parts of York Region. Highly comparable as a similarly sized OEB-regulated municipal LDC facing the same regulatory, operational, and capital-investment dynamics as Grimsby Power.
• Festival Hydro: Festival Hydro is a municipally-owned Ontario LDC serving Stratford, St. Marys, and surrounding areas. Comparable in scale, regulatory environment, and product mix (distribution, conservation, DER, customer portal) to Grimsby Power.

Others

• IESO: The Independent Electricity System Operator is the upstream provincial grid operator and conservator of Save on Energy programs. Not a direct competitor, but a closely related ecosystem participant that administers programs and supply dynamics on which Grimsby Power's volumes and revenues depend.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/grimsbypower
• Facebookfacebook.com/GrimsbyPower
• LinkedInlinkedin.com/company/grimsby-power

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Grimsby Power