Ontario Unveils Renewable Energy Incentive
by Justin Thomas, Virginia on 03.21.06
The Ontario government has unveiled a vast, new renewable energy incentive program which could accelerate the use of renewable energy in the province. The plan is called a "Standard Offer Contract", where the government will offer buy electricity at $0.11/kWh (kilowatt-hour) from producers of wind, biomass and small hydro energy. It will also offer to buy solar photovoltaic energy at $0.42/kWh. 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). All the electricity generated would be sold to the local utility company and go into the overall power grid. :: Via Renewable Energy Access and The Star
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Don't start jumping for joy yet. The province is hoping to put $40 billion dollars into nuclear energy soon and will continue to rely on nuclear energy to a great extent. You'll probably hear more about that pretty soon. This is just sugar to help the sick medicine go down.
ha ha ha i told mgr & lloyd about this in august.
but it does kick ass! Feed in tarrifs rock! and how cool is it that PV gets such a high price (ok, sucks for coGen biomass farmers and micro hydro peeps, but this is awesome! Yay for Dwight Duncan!!