On November 29th, 2017, Ontario held the fourth Cap and Trade Auction of the year. In the fourth auction, Current Allowances were sold at $17.38, which was the floor price set by Ontario, While the Future Allowances sold for $18.89, which was $1.51 over the floor price.
The Government of Ontario has released a statement, through the 2017 Long Term Energy Plan (LTEP), that it will no longer provide funding for Combined Heat and Power (CHP) projects that burn fossil fuel.
The Ontario Ministry of Energy released the 2017 Long-Term Energy Plan (LTEP), titled Delivering Fariness and Choice, on October 26th. The 2017 has a strong focus on providing Ontarians the choice on how they use electricity, promoting conservation first, and a continued push towards renewable and non-GHG emitting sources of generation.
A recent study by the Fraser Institute has found links between Ontario’s rising electricity prices and a drop in manufacturing sector jobs. The study has specifically pointed at Ontario’s high electricity costs as a direct cause behind this decline, placing 64% of the blame on those costs. That 64% represents approximately 75,000 jobs lost since 2008 as a result of the electricity prices.
Ontario's Peaksaver program is coming to an end as a new wave of incentives and rebates is being rolled out by the Ontario Government. The Peaksaver program is ending due to multiple factors such as outdated technology and a successful increase in consumer awareness surrounding smart home tech.