Navigating Ontario's Energy Evolution
Ontario is gearing up to meet growing energy demands under the "Powering Ontario’s Growth" initiative. The province is introducing significant regulatory amendments to O. Reg 429/04 to pave the way for a cleaner and more competitive energy landscape for commercial and industrial stakeholders participating in the Industrial Conservation Initiative (ICI).
May 8, 2024: Update: Ontario Ministry of Energy announces further consultation regarding proposed regulatory amendments - publishes draft changes to O. Reg 429/04.
May 8, 2024: Update: Ontario Ministry of Energy announces further consultation regarding proposed regulatory amendments - publishes draft changes to O. Reg 429/04.
Impact of Regulatory Changes
Eligible ICI participants can utilize VPPAs with renewable generators to effectively offset facility demand during the top 5 peak hours. This arrangement treats generation as behind-the-meter, slashing peak demand factors and GA charges.
Corporate Virtual Power Purchase Agreements (VPPAs)
The amendments aim to refine how GA costs are allocated, allowing businesses participating in the ICI to manage their expenses more effectively and in many cases to dramatically reduce costs.
Reduce Global
Adjustment Costs
The new rules will facilitate the growth of clean energy generation, including wind, solar, small hydroelectric, biofuel, and battery storage. Environmental attributes such as renewable energy credits (RECs) or Ontario Clean Energy Credits (CECs) are earned for every MWh generated.
Support Clean Local Generation
Explainer: Ontario Virtual Power Purchase Agreements
How Attain Energy Can Help
The regulatory changes offer a strategic opportunity for businesses to manage energy costs more effectively and boost their sustainability practices. Here's how Attain Energy can assist:
Expert Guidance and Compliance: Ensure your business stays ahead of regulatory changes with Attain Energy's expert advice and compliance support.
Customized VPPA Solutions: Explore how entering into a VPPA can reduce your peak demand factors and GA charges with solar electricity generation.
Strategic Energy Management: Align your energy procurement strategies with the new regulations to reduce costs and increase efficiency.
Work With a Partner That Can Deliver: Collaborate with Attain Energy, backed by a track record of commissioning more solar energy capacity than any other developer in Ontario, with nearly two decades international experience constructing and operationalizing energy projects.
Stay Informed & Prepared
We can show you different ways Ontario’s regulatory changes can benefit for your business. Connect with us to find out more.