The Green Energy and Green Economy Act

The Green Energy and Green Economy Act - The Green Energy...

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The Green Energy and Green Economy Act (GEA) includes the following: 1. An obligation for the responsible power purchase authority to grant priority and obligatory purchase of green energy projects. 2. A system of Advanced Renewable Energy Tariffs as the primary procurement mechanism for renewable and clean distributed energy to ensure the equal participation of community energy in the sustainable energy sector. The tariffs per kilowatt-hour of generation are based on key components of the German and French models…. 3. An obligation for all utilities to grant priority grid access to green energy projects and an obligation for all utilities to connect green energy projects to the grid (within a reasonable limit to be determined by relative costs and goals related to the successful implementation of the Act). Utilities are entitled and empowered to recover all related costs. Related costs are to be spread equally across the entire rate base. 1 All these stress that government will focus on alternative energy sources for future energy projects, thus giving a competitive edge and incentive to those in the green energy business. This is aimed at fostering industrial and environmental sustainability. Furthermore, the Act states the following: 4. The explicit and direct participation of First Nations and Métis as developers and owners in energy projects (generation, transmission, conservation) so they benefit directly from the resulting economic development in recognition of the additional and unique barriers they face…. 6. The adoption of smart grid technologies, including energy storage, in order to transform Ontario's energy system from highly centralized to more distributed. 7. A mandated commitment to a continuous improvement approach to conservation with a minimum 2.5% annual (compounding) reduction in energy resource needs from 2011 until 2027. 8. Electricity pricing that reflects its true cost and provides signals to consumers to manage their energy demand. 9 Priority for vulnerable consumers (including relevant industrial users) to reduce their energy burden through conservation, bill assistance, innovative utility policies and stronger consumer protection. 2 1   2
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These measures introduce targets for reduced usage, fiscal prudence and social welfare by providing specific methods of impacting disadvantaged consumers. Moreover, fiscal balance is emphasized by revealing to average customers the true costs of energy, and emphasizing conservation through greater awareness and responsibility. These are tactical goals to accomplish the strategy of carrying out economic growth that is environmentally friendly and sustainable in the long-term.
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The Green Energy and Green Economy Act - The Green Energy...

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