Ontario is calling on Ottawa to revise its proposed electricity regulations after an assessment by its provincial grid operator determined the rules would lead to an extra $35 billion in costs for the province by 2050.
An analysis released by the Independent Electricity System Operator (IESO) assessing the Liberal government’s impending Clean Electricity Regulations (CER) found that Ontario would need to increase its new generation capacity twofold. The plan is “not feasible” in the specified time frame, says Ontario Energy Minister Stephen Lecce.
Lecce detailed the costs to Ontario in a recent letter sent to Environment Minister Steven Guilbeault and Energy Minister Jonathan Wilkinson. He described the regulations in a Dec. 2 social media post as a “second, far more costly carbon tax, with an implied cost of $850/tonne.”…