- We are a team of…

ERO number

019-6647

Comment ID

86872

Commenting on behalf of

Venfor Inc.

Comment status

Comment approved More about comment statuses

Comment

- We are a team of technology agnostic developers and entrepreneurs with decades of experience in the Ontario electricity and natural gas sectors.
- We firmly and respectfully believe that there is no singular solution to Ontario’s challenge of decarbonisation and electrification.
- We are concerned that this government is adversely disposed toward renewable energy and missing an opportunity to reduce system costs, create jobs, improve energy security, promote competition, and advance decarbonisation.
- The high costs paid for renewables under the FIT regime are no longer representative of the industry.
- Today, the electricity grid is more suitable for integrating renewables than ever before.
- After nearly two decades of experience with renewables in Ontario, the impacts are well understood and the hype of catastrophic impacts have proven to be unfounded.
- Government policy is currently lacking the coordination of provincial needs with the needs of local communities, and fair compensation for hosting energy infrastructure projects. A compensation rate could be set by the government.
- Today, renewable energy is cost-competitive with gas generation on an unsubsidized basis.
- The all-in cost of energy from a newly constructed wind farm, without considering the 30% tax credit in the 2023 federal budget, is less than the operating cost of an existing natural gas plant at current gas prices.
- For every gigawatt of natural gas generation displaced by wind, ratepayers save over $120 million per year. If the natural gas prices return to levels seen as recently as 2022, these savings increase to nearly $500 million per year.
- Nearly every jurisdiction comparable to Ontario is investing in renewable energy, including Quebec, Alberta, California, and Texas. Why not Ontario?
- We are not asking the government to subsidise renewable energy, or eliminate nuclear power or gas generation, but to level the playing field and allow renewables to fully participate in the Ontario electricity system through public procurements or private power purchase agreements – on an economic basis.

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