To achieve this goal, the government has targeted the cost of generation, which industrial stakeholders have recently identified as a “central theme” in the discussion of electricity costs.
The government’s approach in 2019 was no exception.Īs part of its election mandate, the Ontario government has pledged to reduce electricity bills by 12%.
Since the Progressive Conservative Party of Ontario has come into power, we have witnessed the dismantling of existing renewable energy programs and projects that unwind, at least in part, 15 years of policies enacted by the Ontario Liberal Party. Sovereign Risk and Political Uncertainty – Keeping Ontario Interesting Generation Contract Review DirectiveĪs we saw in 2018, the change in government has led to uncertainty and anticipation across the power sector in Ontario. However, progressive changes and initiatives in governance and a growing emphasis on collaboration and innovation is welcome progress that could bring new opportunities in 2020. With the provincial government continuing a wide-ranging review and changes on multiple fronts (including energy regulator governance, renewable projects, climate change and generation contracts), uncertainty and anticipation continue to impact market activity in Ontario.
Ontario’s power sector continues to be in a state of transition.
#ONTARIO POWER GENERATION STEM INC PDF#
A PDF request form is available at the end of the article. The following is a chapter from our Power Group's fifth annual Canadian power industry retrospective Canadian Power Key Developments in 2019, Trends to Watch for in 2020.
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