| Category: | General - Consultation Process |
| Subject: | carbon credits |
| ID: | 10018 |
| Date: | 3/19/2009 |
| Question: | Will generators have access to carbon credits under the new GEA? |
| Answer: |
Please see Section 5 - Contract Pricing of the draft FIT rules, sub-section 5.4 Other Factors, part (c) which states:
(c) The FIT Contract provides that all Related Products otherwise applicable to the Contract Facility or available to a Supplier in respect thereof are absolutely and unconditionally assigned to the OPA, except to the extent that such Related Products are needed and consumed for the generation of Hourly Delivered Electricity. Please note Related Products is defined in the draft FIT rules as: Related Products means all Ancillary Services, Environmental Attributes and products related to the rated, continuous load-carrying capability of the Contract Facility to generate and Deliver Electricity at a given time, as well as any other products or services of value that may be provided by or attributable to the Contract Facility from time to time during the Term and that may be traded in the markets established from time to time by the IESO Market Rules or other markets, or otherwise sold or otherwise have value, and which shall be deemed to include products and services for which no market may exist, but excluding (i) steam and hot water produced by the Contract Facility and (ii) ecoENERGY for Renewable Power Program payments. Therefore, generators will not have access to carbon credits unless they are needed and consumed for the generation of Hourly Delivered Electricity.
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