Forgot your account information?  |  Create a CME account

Statement: FIT review sends right signals, but no silver bullet

Published by Derek Lothian on March 23, 2012

The following statement was issued by Ian Howcroft, vice president, CME Ontario:

The province's commitment to adopt the key recommendations contained in the two-year review of feed-in tariff programs sends the right signals to industry – that we must drive supply chain efficiencies that will ultimately lead to more affordable rates for consumers. But we have a long way to go to get back on-track to competitive electricity rates in Ontario.

Canadian Manufacturers & Exporters (CME) and other stakeholder groups recently filed a report with the Ontario Energy Board that showed consumers will likely face between 40-50 per cent increases in electricity rates over the next five years. Rate increases of that magnitude are not sustainable. The government needs to take aggressive action to address these increases to avoid considerable impact on jobs – particularly those in Ontario's manufacturing sector. This is a central component to any overall strategy for manufacturing in the province.

We must also find better ways to ensure Ontario manufacturers can access the opportunities associated with electricity system spending. That's one way we can mitigate the most damaging effects of uncompetitive rates. But it's not a silver bullet. The government should also lower the threshold on the demand-based allocation of the global adjustment.

We look forward to continue working with policymakers at Queen's Park and with our colleagues in Ottawa to address these concerns. As always, if you have any questions or concerns, send me an e-mail at ian.howcroft@cme-mec.ca.

Found in: news cmenews

National Office

Alberta British Columbia
Manitoba New Brunswick
Newfoundland & Labrador Nova Scotia
Ontario Québec
Prince Edward Island Saskatchewan