"As we were formulating our plans to consolidate our Ontario manufacturing operations in London, we contacted the LEDC to determine how they could assist us. Through their professional, innovative approach, they provided comprehensive research, discretely shared similar experiences from other companies, opened doors for us and provided much welcomed support in our recruiting efforts. LEDC has been a terrific partner in our expansion and we look forward to our ongoing relationship."
Keith Gibbons, Asia Pacific and Chairman, McCormick Canada
The Province of Ontario has introduced new regulations to support the implementation of the Green Energy Act, including the creation of Canada's first feed-in tariff program which will be administered by the Ontario Power Authority (OPA). “Feed-in Tariff” refers to the specific price paid to renewable energy suppliers for the green energy they produce.
The Feed-in Tariff (FIT) and microFIT programs are being launched by the OPA onOctober 1st, 2009. The Final Rules and the Contracts for both FIT and microFIT programs are available on the official Feed-in Tariff Program website. The microFIT program is highly simplified and the contract issuance process is different from the FIT program.
The generators will be allowed to sell their entire electricity measured at the output of the generator at an established electricity rate according to the different types of resources utilized. Payments to the generator under the FIT/microFIT will be made by OPA through a settlement process between the generator and the distributor, according to the requirements of the Retail Settlement Code (RSC). To access the Price Schedule posted by OPA click here.
Detailed program overviews for the FIT and microFIT are available on the Feed-in Tariff Program website for potential renewable projects proponents in preparing for the application process.