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Ontario Budget November 5 2020

Overview of the changes to Global Adjustment, as announced by the Provincial Government on Nov. 5, 2020

File type: PDF

Starting on January 1, 2021, a portion estimated at approximately 85 per cent of these high-cost wind, solar and bioenergy contracts, entered into under the previous government, will be funded by the Province, not ratepayers. Removing these costs from electricity bills will result in medium size and larger industrial and commercial employers saving about 14 and 16 per cent respectively, on average, on their electricity bills.