When Ontario launched its FiT program in 2009, the province advised that it would commit to conducting a FiT review every two years in order to evaluate a price reductions, long-term sustainability and new technologies among other criteria. This year, the province is moving forward with its first review and will have Deputy Minister Fareed Amin spearheading the process with the Ontario Power Authority acting as a consult.
The Ontario government advised that the review should lead to new prices for FiT contracts that will be developed to balance the interests of ratepayers with the investments of renewable energy. After the review, all future clean energy contracts will be subject to the new price schedule.
Ontario’s citizens are encouraged to provide feedback by answering an online survey or submitting written comments until December 14.