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New Ontario Clean Energy Registry Will Make Province Even More Attractive For Investment

As businesses look for more choice in how they pursue their environmental and sustainability goals Ontario is taking action and leveraging its world class clean electricity grid by developing a voluntary clean energy credit registry to boost competitiveness and attract jobs.

Voluntary CECs are certificates that each represent 1 megawatt-hour (MWh) of clean electricity that has been generated from a non-emitting source, such as solar, wind, bioenergy, hydroelectric and nuclear power.

A registry for clean energy credits (CECs) would allow businesses to meet their corporate sustainability goals and demonstrate that their electricity has been sourced from non-emitting resources while funds generated through the purchases of CECs could be returned to the ratepayer to help lower electricity costs.

The registry will also attract new businesses while creating clean-energy jobs for Ontarians and helping to support our economy as we continue to recover from the financial challenges presented by COVID-19, benefiting all of us.

The government has directed the Independent Electricity System Operator (IESO) to research and report back on the design of a provincial CEC registry. The IESO will deliver its report by July 4, 2022.

Learn More: https://news.ontario.ca/en/release/1001486/new-ontario-clean-energy-registry-will-make-province-even-more-attractive-for-investment