In 1994, Makivik Corporation and Hydro-Québec entered into an Electricity Supply Plan Agreement to subsidize the cost of heating oil and propane gas. The program also provides for the maintenance and repair of oil-fired furnace burners and water heaters used by its commercial, industrial, institutional, and private customers in all Inuit communities. Hydro-Québec and Makivik Corporation agreed that the administration of the Subsidy Program was to be undertaken by Makivik Corporation.
The Subsidy Program was renewed in 2010 with some modifications. Makivik will continue to administer the eligibility of the applications to the Subsidy Program and provide support to all eligible customers. The heating oil supplier will administer the payment of the heating oil subsidies to all eligible customers. This means that eligible customers will not be required to submit claims to Makivik for reimbursement of heating oil costs.. The subsidies for heating oil will be automatically applied by the supplier and therefore the customer will only be charged the difference between the heating oil price and the subsidy amount.
New customers shall be enrolled in the Subsidy Program as of the date of their application. Customers must enroll with Makivik prior to any subsidies being paid on any bills.