Renewable Energy Projects Cancelled

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In the news today…

“Ontario Government scraps plan for $3.8 Billion in renewable energy projects.” Ontario has had too much electricity generation for years. Wind and Solar projects, combined with a general oversupply of electricity, has led to an ever increasing Global Adjustment(GA). The GA may not go down to a reasonable level in the near future, but maybe it will stop its relentless pace upwards.  

The same news article quotes the PC, Green, and NDP governments commenting on the Liberal announcement. Also included are comments from The David Suzuki Foundation and the Canadian Wind Energy Association. All have very different views on what generation should be cancelled, how to tackle greenhouse gas reductions and how to improve the electricity situation in Ontario.

Two weeks ago it was announced that the 8 percent provincial tax on electricity will come off bills in January. This is the same start date that the cap & trade costs will begin to appear on the natural gas bills.

The full article can be found here:

https://www.thestar.com/news/queenspark/2016/09/27/ontario-liberals-scrap-plans-for-38-billion-in-renewable-energy-projects.html