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May 31, 2011

Ontario’s subsidy program for renewable electricity suppliers will cost Ontario electricity users about $310 a year, per household, unless the program is reformed, according to a report released today by the C.D. Howe Institute. In “Zapped: The High Cost of Ontario’s Renewable Electricity Subsidies,” authors Benjamin Dachis and Jan Carr say subsidies paid to renewable energy producers under the province’s Feed-In-Tariff (FIT) program are a costly means of reducing domestic GHG emissions and creating jobs. Each new job that the Ontario government projects the program will create will cost Ontario residents about $179,000 in subsidies, say the authors, who conclude the program should not continue in its present form.

 

Benjamin Dachis

Benjamin Dachis is a Senior Fellow at the C.D. Howe Institute. Previously, he served as Associate Vice President, Public Affairs at the C.D. Howe Institute, where he helped further the Institute’s mission to improve Canada’s economic performance by enhancing the visibility, reputation and impact of its research and activities.