Ontario Energy Minister Stephen Lecce warns that proposed electricity regulations could incur $35 billion in costs by 2050, significantly impacting consumers and risking system reliability.
"Ontario cannot support any regulatory approach that imposes thousands of dollars of new costs on consumers while compromising system reliability," Lecce emphasized in his letter to federal ministers.
The Independent Electricity System Operator’s analysis indicates that Ontario would need to add twice its planned generation capacity to meet new emissions regulations, which is termed 'not feasible'.
Federal ministers Guilbeault and Wilkinson maintain their commitment to affordability in new rules, supporting a reliable grid while ensuring no impact on Ontario ratepayers.
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