Frequently Asked Questions

Why a co-op?

LIFE Co-op Vision

According to a study published by the Québec Ministry of Industry and Commerce in 2001, the long term survival of co-ops is almost twice that of investor-owned companies. As well, the democratic structure of a co-op was appealing to the founders.

How does it work?

LIFE co-op gives you the opportunity to become a power producer. When you invest in the co-op, you receive dividends. This investment allows the co-op to harvest such things as wind and waste and feed it to the local grid. Your support allows LIFE to build projects.

Will this affect my hydro bill?

Not unless the project is located on your property. You may have a biogas project located on your property. Commercial sized projects are connected to the grid and the power is sold under the standard offer contract.

What are the benefits of being a member?

As projects develop, co-op members receive offering statements/prospectus explaining the financial details of each project and are invited to invest. There is moderate payback and LIFE is only pursuing projects that will give back a moderate amount. The renewable energy industry is one of the fastest growing industries globally.

When are the projects going to be running?

Wind: Five years including three year delivery time for turbines due to high demand. LIFE is currently entering our second year of the project development.

Bio-gas: Up and running within one year from the time of site approval. LIFE is currently contacting local farms with interest in this project.

Small scale solar hot water systems and photovoltaic (PV) can be achieved within a couple of months.

Do I need to volunteer?

No, however, LIFE will send, periodically in the newsletter, opportunities that arise to be able to join a committee and contribute your skills to a project.

How do I become a member?

Download and print the Membership Application Form and mail it with your membership fee to:

Local Initiative for Future Energy Co-operative Inc. (LIFE)
125 Snyder's Road East, Unit A
Baden, ON  N3A 2V4

It will then go to LIFE Board of Directors and they will approve it at the Board meetings (which happen once a month). You will then receive a membership certificate in the mail. All Members are invited to the annual general meeting.

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