February 7, 2012: 

FIT Review Recommendations in Development
 
Ontario’s clean energy industry is strengthening our economy by attracting new investment and creating new jobs. As you know, Ontario is currently completing the scheduled two year review of the Feed-in-Tariff (FIT).

The purpose of the review is to ensure the continued success and sustainability of the FIT program.   

I worked closely with the Ministry of Energy and the Ontario Power Authority to conduct the review. Recommendations are being developed to protect the interests of ratepayers and encourage investments in new clean energy in Ontario. The expectation is that the recommendations, once accepted, will be implemented as quickly as possible.

Consultation has been central to the review process. Between October 31 and December 14, 2011, nearly 2,900 online surveys were completed and over 150 written submissions were received, and the province met with more than 80 stakeholders. This contribution has been invaluable as we move forward in developing changes to the FIT program to ensure its continued success.

I am working with the OPA and Ministry staff to analyze the written submissions and comments we heard through the face-to-face meetings.

I expect to submit my recommendations to the Minister in the near future. 

– Fareed Amin
Deputy Minister