Ontario’s feed-in tariff or FIT Program is North America’s first comprehensive guaranteed pricing structure for renewable electricity production. It offers stable prices under long-term contracts for energy generated from renewable sources, including:
The FIT Program was enabled by the Green Energy and Green Economy Act, 2009 which was passed into law on May 14, 2009. The Ontario Power Authority is responsible for implementing the program.
By encouraging the development of renewable energy in Ontario, the FIT Program will:
- help Ontario phase out coal-fired electricity generation by 2014 – the largest climate change initiative in Canada
- boost economic activity and the development of renewable energy technologies
- create new green industries and jobs.
For more on the FIT program, please click here.