Note 11 - Investments

12 Months Ended

Mar. 31, 2019

Statement Line Items [Line Items]

Disclosure of investments other than investments accounted for using equity method [text block]

11. INVESTMENTS

On

August 10, 2012,

Just Energy, through a subsidiary, acquired an interest in ecobee, a private company that designs, manufactures and distributes smart thermostats, for an amount of

$6.4

million. During the fiscal year

2017

and

2018,

Just Energy further increased its investment in the company by

$5.4

million and

$0.4

million, respectively. Company markets these smart thermostats in all its core markets, bundling the thermostats with commodity and home service products. As at

March 31, 2019,

Just Energy owns approximately

8%

of ecobee. This investment is measured at and classified as fair value through profit or loss. The fair value of the investment has been determined directly from transacted/quoted prices of identical assets that are

not

active (Level

3

measurement). As at

March 31, 2019,

the fair value of the investment is

$32.9

million (

2018

–

$32.4

million).