IPPSO News Release,October 2, 2002
For immediate release: October 2, 2002
IPPSO praises Ontario's Plans for Renewable Portfolio Standard
The Independent Power Producers' Society of Ontario welcomes the bold step taken by the Ontario government yesterday in announcing its intention to implement a "Renewable Portfolio Standard" in Ontario. "This will mean cleaner power for Ontario citizens, along with fresh new investment in a critical part of Ontario's economy," said IPPSO President John Brace. A Renewable Portfolio Standard (or RPS) works like clean content requirements in gasoline, requiring cleaner fuels to become standard, but leaving the market to determine how the objective is achieved, and creating additional competition in the process. Energy Minister John Baird told the legislature yesterday that he has asked his Parliamentary Assistant Steve Gilchrist to "consult with experts, consumer and environmental groups and market participants in the electricity, gas and fuel sectors with a view to making recommendations for a renewable portfolio standard for Ontario."
IPPSO has supported the concept of a moderately-sized RPS for Ontario for many years, and submitted a detailed plan to the Alternate Fuels Committee during its hearings last February. IPPSO recommendations are available on its website at http://www.newenergy.org//articles/4819-appro-what-rdquo-s-new123
The idea of an RPS was one of the major recommendations of an all-party committee of the legislature, the Alternative Fuels Committee, which submitted its report last June. "The Committee also made important recommendations in the area of distributed generation, which we trust the government is also considering closely," Brace said.
"The use of an RPS is one of the most effective and economic ways for Ontario to reduce emissions that cause global warming and other forms of pollution," Brace says. We continue to support this effort and urge the Ministry and stakeholders to set up a firm collaborative process that will define the remaining elements necessary to create a healthy market in renewable energy.
IPPSO is a non-profit association of more than 100 organizations engaged in the generation of electricity in Ontario. For more than a decade, IPPSO has advocated competition, open markets, and improved environmental standards for the electric power industry.
For more information, contact:
John Brace, President 416-962-6262
Rob McLeese, Past President 416-368-4820
For queries or suggestions, please forward to:
IPPSO, PO Box 1084 Station F, Toronto, Ontario, M4Y 2T7 Canada.
Street address: 163-C Eastbourne Ave., Toronto, Ontario M5P 2G5
Last update: October 2, 2002