The provincial government introduced the proposed Climate Change Mitigation and Low Carbon Economy Act, which it says is intended to ensure that proceeds from the province's cap and trade system are reinvested into green projects and actions that will reduce greenhouse gas pollution. The government also posted draft cap and trade regulations for comment.
The Ontario Government has announced its intention to invest $100 million from the Ontario Green Investment Fund to help homeowners reduce their energy bills and cut greenhouse gas emissions. The initiative is in partnership with Enbridge Gas Distribution and Union Gas. Details of the program are still to be announced.
The National Energy Board released Canada’s Energy Future 2016: Energy Supply and Demand Projections to 2040. This is its latest report in its Energy Futures series with the last report having been issued in November 2013. The NEB notes that the
projections are intended as a baseline for discussing and analyzing possible outcomes for Canada’s energy future.
The Ontario Government announced that nuclear refurbishment plans for Darlington Generating Station will move forward with work on the first unit to begin in October 2016. All four units are scheduled for completion by 2026.
In its latest outlook for the reliability of the Ontario electricity system, the IESO indicates that over the period January 2016 to June 2017 approximately 1,850 MW of new supply will be added to the transmission grid: 1,300 MW of wind, 300 MW of gas and 240 MW of solar generation.
In its latest 18-month outlook for the reliability of the Ontario electricity system, the IESO indicates energy demand is expected to decline as conservation savings and embedded generation more than offset growth from economic expansion or population growth.
The OEB has set new time-of-use electricity commodity prices effective November 1. All prices increase with off-peak prices increasing by 0.3 cents/kWh, mid-peak by 0.6 cents and on-peak by 1.4 cents.
The OEB released the latest monitoring report from the Market Surveillance Panel. The report examines the IESO-administered electricity markets for the period May 2014 to October 2014.
The OEB released "Giving Ontarians a Voice on Energy East", a report on the Board's consultation and review of the proposed Energy East Pipeline.
Ontario and a number of other regions and states signed the first Pan-American action statement on climate change.