Policy status:In Force
Date Effective:2002
Date Ended:2008
Policy Type:Economic Instruments>Fiscal/financial incentives, Policy Support, Regulatory Instruments
Policy Target:
Agency:Ontario provincial government, Ministry of the Environment
Legal References:Electricity Pricing, Conservation and Supply Act, 2002

On 9 December 2002, the government passed the Electricity Pricing, Conservation and Supply Act, 2002. The act gives the Minister of Energy and the Ontario Energy Board powers to promote Ontarios supply of electricity. It also provides a series of measures that will encourage conservation and the use of alternative fuels, as well as support additional clean energy production, including: - Energy Conservation in Government Operations - Government Purchase of Green Power - Energy Self-Sufficient Government Buildings (for newly built buildings) - Comprehensive Tax Incentives for Producers of Clean Power, including a 10-year corporate income tax holiday for new electricity generation from clean, alternative and renewable energy sources; a 10-year property tax holiday for newly-created assets that generate electricity from such sources; a 100 per cent corporate income tax write-off in the year of acquisition for the cost of newly acquired assets used to generate electricity from clean, alternative or renewable sources; a capital tax exemption for newly acquired assets used to generate electricity from such sources, and a full retail sales tax rebate for building materials purchased and incorporated into clean, alternative or renewable electricity generation facilities. - Encouraging Self-generation and Small-scale Projects - Reducing Barriers to Clean Generation (through the modification of environmental assessment requirements). - Support Green Power Marketing (through electricity labelling). - Tax Breaks for Energy-Efficient Equipment: Regulations will be introduced to provide a 100% corporate income tax write-off in the year of acquisition for new investments in qualifying electrical energy efficient equipment. The write-off would be available for corporations that purchase eligible assets after 25 November 2002, and before 1 January 2008. - Tax Rebate for Solar Energy Systems in Residential Premises - Retail Sales Tax Rebate for Efficient Appliances - Gas Tax Waiver for Ethanol - Creation of a Centre of Excellence for Alternative Energy

Last modified: Thu, 13 Jul 2017 15:14:43 CEST