Does Ontario's Green Energy Act pass the ‘net benefit' test?
The policy goals and intent of the Green Energy Act may well come undone under the withering glare of disaffected and angry consumers. Thus, there's an urgent need to begin the process of reducing the largesse provided to those who have become adept at securing private benefits -albeit under the convenient disguise of green - at the expense of the captive consumer.
November 15, 2010
by Jatin Nathwani
in Globe and Mail
Ontario's race to green energy - akin to a race run on steroids - has embedded in it a recipe for tears.
In the Green Energy Act, the feed-in-tariffs act as the primary mechanism to provide a turbocharged set of financial incentives for renewable energy resources such as solar, wind and bioenergy. One of the most egregious examples is an incentive for solar roofs that is 10 times higher than the current cost of electricity. If only diamonds would rain down on us!
But this is only part of the story. The incentives are further coupled with additional requirements on utilities... [continue via Web link]