Ontario Offers Green Bond to Raise $1 Billion

For the fourth time in three years, Ontario is offering a green bond to raise money for environmentally friendly projects across the province. Ontario is the first Canadian province to issue green bonds. The bond will raise $1 billion, the largest green bond offering by any Canadian province. Previous offerings were over-subscribed. As with its earlier

The Extreme Energy Consumption of Bitcoin Mining

Cryptocurrencies are decentralized digital currencies that use encryption techniques as security while operating independently of central banks. Of these virtual mediums of exchange, bitcoin continues to be the most popular. Cryptocurrency mining is the process of verifying and adding bitcoin and other cryptocurrency transactions to a public ledger known as the blockchain (the underlying technology).

TransCanada Changes Pipeline Rules For Producers

TransCanada Corp. has changed the way natural gas shippers contract for capacity, thus limiting storage access for many producers. Whereas previously TransCanada would scale back service for firm-service shippers to make way for spot shippers, under new guidelines, gas producers with firm-service contracts now have priority over intermittent shippers whose services are being cut. In addition, TransCanada

Ontario Incentivizes Electric Vehicle Charging Stations

On January 16, the Ontario government announced an 80% discount (up to $7,500 each) to employers and commercial building owners who install electric vehicle charging stations. Five million dollars of this program will come from the cap-and-trade revenues as part of Ontario’s Climate Change Action Plan. There are currently about 1,300 public charging stations and

How Cold Weather Extremes Affect Ontario Energy Markets

Thanks to a bone-chilling Arctic air mass, winter arrived this year with a dramatic temperature drop throughout much of North America. With unusually warm air settling over the North Pole, the decreased temperature gap between north and south caused the Jet Stream to dip, bringing frigid air southwards. As in 2014, the term “polar vortex”

Ontario’s First Year of Cap and Trade

On January 1st of this year, Ontario’s Cap and Trade program came into effect. Cap and Trade is a government-mandated, market-based mechanism to help mitigate climate change by setting a hard cap on greenhouse gas emissions while allowing businesses flexibility in terms of how they meet their caps. Those companies that reduce greenhouse gas emissions

Ontario Natural Gas Consumers the Winners in Pipeline Battle

  Big changes are happening in the way Ontario consumers purchase natural gas. Due to increased competition and lower pipeline tolls, natural gas producers from Alberta and the US are competing to provide bargain prices to the Ontario market. Natural gas production in Alberta has traditionally been transported by way of the TransCanada PipeLines Limited (TCPL). But with shipping options increasing, all Ontario and Quebec utilities are

Mid-Sized Ontario Businesses Have An Opportunity To Cut Their GA Costs

Last September the Ontario government announced that the Industrial Conservation Initiative (ICI) program will expand to include over 1000 more Ontario businesses. The ICI program was designed for higher usage manufacturers. For high usage manufacturers, it is a way to lower their global adjustment (GA) cost. The GA has ballooned to over $12 Billion per year and represent between 40-60% of a typical electricity bill. When the program was first introduced in 2011 the minimum peak requirement was 5 MW. A few years ago, the minimum was reduced to 3 MW and last October, amid the rising GA cost…

Curtailment Season In Ontario Begins

Large industrial gas users have an option to negotiate favourable rates in exchange for certain commitments such as the option to curtail. An interruptible gas delivery service contract allows gas flow to be interrupted at the option of the utility during periods of peak demand.