Capital Power supports…

Capital Power supports Ontario’s efforts to develop Industrial Emissions Performance Standards (IEPS) to effectively and efficiently regulate large emitters of Greenhouse Gas as part of Ontario’s broader climate change strategy. Capital Power believes an IEPS within a range of 370 – 420 kilogram of carbon dioxide equivalent per megawatt-hour for the electricity sector would be reasonable. In addition, Capital Power recommends the Government allow Ontario offsets, eligible offset credits from provincial offset systems, and Internationally Transferred Mitigation Outcomes as options to hedge compliance costs. Regarding electricity imports, Capital Power supports taxing GHGs on electricity imports to avoid an unlevel playing field and to prevent carbon leakage.