The Ontario Chamber of Commerce (OCC) also commented today on the Long Term Energy Plan and called on the Minister of Energy to reduce electricity costs by prioritizing affordability and competitiveness as well as transparency and flexibility. The OCC recommends moving away from a central procurement model towards a competitive capacity market and leveraging expiring contracts to pursue more cost-effective measures.
“As the provincial government seeks to find solutions to the province’s energy challenges, Ontario must strive to balance objectives regarding climate change, renewable resources and maintaining a diverse supply mix without forfeiting the competitiveness and transparency of the capacity market system,” said Allan O’Dette, President and CEO of the OCC. “This will result in increased accountability and confidence in the energy market for Ontario businesses.”
Read the OCC’s submission here