Policy status:Ended
Date Effective:2002
Date Ended:31 March 2006
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Economic Instruments>Fiscal/financial incentives
Policy Target:Energy Sector>Electricity Generation>Renewable
Agency:Natural Resources Canada (NRCan)
Legal References:Budget 2000
Funding:$25 million

Launched on October 28, 2002, the Market Incentive Program was a $25-million initiative through the Action Plan 2000 on Climate Change to stimulate the emerging markets for renewable electricity. the Program sought proposals from electricity distributors interested in developing market-based projects to increase the sales of electricity from emerging renewable energy sources in residential and small-business sectors. The Government of Canada provided a short-term financial incentive of up to 40 percent of the eligible costs of an approved project, to a maximum contribution of $5 million per recipient. The funding for the programme endedl March 31, 2006.

Last modified: Mon, 04 Mar 2013 18:08:47 CET