Insights / Electricity

Electricity / 03.08.19

The Post FIT Era: Renewables as a Strategic Fit

The Feed-in-Tariff (FIT) regime established with The Green Energy and Green Economy Act of 2009 offered developers above-market rates for electricity generated from renewable sources, with a goal to kick-start renewables development. As electricity rates have escalated rapidly since 2009, the appetite to pay a premium price for renewables has diminished. No new FIT programs are being offered and several hundred FIT contracts were cancelled by Ontario’s new government in 2018. The FIT era is over.

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The Post FIT Era: Renewables as a Strategic Fit
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