Ontario to review FIT program, pricing

Nov 1, 2011, Toronto, ON – The McGuinty Government has launched a review
of the province's Feed-in-Tariff (FIT) clean energy policy, appointing
deputy minister Fareed Amin to lead the process.

When the program launched in 2009, it included a
commitment to review FIT every two years. This commitment was also
included in the province's long-term energy plan, released in November 2010. The review will consider a range of issues, such as:

• FIT price reduction
• Ensuring the long-term sustainability of clean energy procurement
• Continuing to build on the success of Ontario-based manufacturing and clean energy job creation
• Consideration of new technologies and fuel sources
• Local consultations and the renewable approval process (REA)

As a result of this review, new prices for FIT contracts will be
carefully developed to balance the interests of ratepayers with the need
to encourage investments in new clean energy in Ontario. Going forward,
all future clean energy contracts will be subject to the new price
schedule.

The province's FIT Program was launched in 2009 and it has helped
make Ontario a clean energy leader. It has made it easier and more
efficient to bring renewable energy projects of all sizes online,
stimulate the economy and create jobs. It has helped replace dirty
coal-fired plants with cleaner sources of renewable energy, cleaning up
the air, protecting the health of Ontarians and reducing the province's
environmental footprint.

Ontarians can provide feedback by answering an online survey or making a written submission at Ontario.ca/FITreview until December 14, 2011.