FARE 1300 Lecture Notes - Lecture 14: Green Economy, Comptroller, Base Load Power Plant

• School: University of Guelph
• Department: Food, Agricultural and Resource Economics
• Course: FARE 1300
• Professor: Julio Mendoza

Document Summary

Auditor general turned attention to the green energy and green economy act in 2011. Desire to phase out coal fired generation plants in ontario, for health and environmental reasons. Main elements of policy: feed in tariffs alternative owners, provincial approval of facilities, not municipalities, made in ontario provisions, preferential grid access for wind and solar, time of day pricing of electricity: All electricity produced would be put into the grid. Prices are different at different times of the day. Had to buy parts from companies in ontario, if you are installing solar or wind turbines. Specific prices were set for different categories of electricity sources. These prices are paid to the turbines and solar panel. The act was proposed by a coalition of env groups. These groups wrote the act and brought it to the legislator. This usually only happens in the states, and rarely in. Denmark produces 20% of its electricity from wind turbines.