Statement from Ontario Minister of Energy Chris Bentley
One year ago, the McGuinty Government's updated Long-Term Energy Plan set a course for creating thousands of jobs and sparking economic growth, while helping to clean the air we breathe.
This plan is a roadmap for our energy future. We are building a clean energy system that supports healthier families, a healthier environment and a healthier economy. We also implemented the Ontario Clean Energy Benefit which is reducing families' electricity bills by taking 10 percent off for the next five years.
To date, we have created over 20,000 new jobs -- on-track to create 50,000 jobs by the end of 2012. More than 30 companies have invested in Ontario's green energy economy, including manufacturers of solar and wind energy components, companies generating energy, and specialist engineering and service firms.
In addition, Ontario has shut down eight of 19 coal units since 2003. By the end of 2014, we will be the first jurisdiction in the world to replace dirty coal generation. This is the equivalent of taking 7 million cars off the road and savings in financial costs and health and environmental damages of $4.4 billion per year.
Two years ago we launched Ontario's clean energy Feed-in Tariff (FIT) program. This has led to more than 2,500 medium and large FIT contracts offered to producers - enough electricity to power 1.2 million homes.
A review of the FIT program is underway to build on the world-recognized success of the program, ensuring a sustainable and affordable program for all.
Prudent planning has led to reliable electricity supply that meets our demand, with the proper reserves. Such energy certainty helps Ontario families keep the lights on, while attracting investment that stimulates our economy.
We know our Long-Term Energy Plan is fiscally sound - and it's working - ensuring a cleaner, healthier Ontario for future generations.