“…neither the environment nor the economy is served by aggressive environmental policies that prove to be economically unsustainable. The energy transition requires good planning and sustained momentum.
But the province has yet to revise its policies to reflect this lesson. For instance, it has not repealed the Green Energy Act which set overly expensive rates and led to overly generous long-term electricity contracts. It has suspended, but not cancelled, the second round of its Large Renewable Energy Procurement (LRP II) process, despite forecasts showing that this additional electricity supply will not be needed.”
To build a cost-effective, low carbon, reliable and resilient electricity system, Ontario must learn from its mistakes and face its challenges and risks.
Written By: John Haffner, Mark Cameron, Jim Burpee
April 20, 2017