• The Green Energy Act is designed to build on the McGuinty government’s earlier initiatives on the province’s power supply, including a plan to eliminate coal-fired power by 2014, the single largest climate change initiative in Canada.
• Ontario’s Green Energy Act (GEA), and related amendments to other legislation, received Royal Assent on May 14, 2009. The Green Energy and Green Economy Act was introduced into the Ontario Legislature on Feb. 23, 2009.
• Providing certainty and clarity in the approvals process for renewable energy projects.
• Expanding our electricity grid to make it “smart”.
• Establishing the right to connect to the electricity grid for renewable energy projects that meet technical, economic and other regulatory requirements.
• Establishing a one stop streamlined approvals process, providing service guarantees for renewable energy projects that meet regulatory requirements.

Ontario’s FIT (Feed In Tariff) program has several key features. It will:

• Provide a simpler way to get a contract for electricity generation.
• Allow all types of generators, from private
  developers to homeowners to participate.
• Have prices that cover total project costs and provide a reasonable rate of return over a long-term contract (20 years).
• Community-based projects.
• Offer long-term price guarantees to increase investor confidence and access to financing.