At this OPA news conference, the Minister of Energy and Infrastructure announced a proposed new pricing system for renewable energy in Ontario and a series of stakeholder sessions to develop and provide information and education material to potential suppliers, participants and the general public.

Ontario is poised to introduce new electricity pricing to encourage the development of renewable energy from a diverse range of producers including homeowners, community-based groups and larger scale commercial generators.

As North America's first guaranteed pricing structure - called a feed-in tariff (FIT) - for various forms of electricity production, it would offer a stable, competitive price combined with a long term contract. A FIT would establish prices for energy generated from renewable sources, including on-shore and off-shore wind, hydroelectric, solar, biogas, biomass and landfill gas. Proposed prices and program guidelines announced today will form the basis of an eight-week consultation process with renewable energy stakeholders and several general information sessions for the interested public.

Event webcast archive: http://www.snwebcastcenter.com/event/?event_id=341.