Ontario Renewable Energy Policy Breakthrough Hailed

The Ontario government today unveiled a vast, new renewable energy incentive program experts predict will accelerate the use of renewable energy in the province and create a regional market with implications for the global renewable energy industries. The plan is based on a long-term Standard Offer Contract, or feed-in-laws, as they are commonly called in Europe. It’s essentially the same landmark policy platform that has made European countries like Germany and Spain beacons for renewable energy use.

Ontario’s Standard Offer program will offer $0.11/kWh (kilowatt-hour) to producers of wind, biomass and small hydro energy. It will offer $0.42/kWh for solar photovoltaic energy. The term of the contracts will be 20 years, and there will be an inflation adjustment. The residential retail price for electricity in Ontario is under $0.06/kWh (all figures in Canadian currency).

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