Boralex acquires rights for Ontario wind project
The wind power project, located in the municipality of Chatham-Kent, will be submitted into the Ontario Power Authority's third request for proposal (RFP) for 500MW of renewable energy supply likely due in fall 2008.
This RFP represents one of the measures taken by the Ontario government in view of securing 2,000MW of renewable energy.
Patrick Lemaire, president and CEO of Boralex, said: "This strategic acquisition allows Boralex to reinforce its presence in Canada, principally in a region favorable to the production of renewable energy, and in a sector where its expertise is recognized."
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Electricity consumers in Ontario may see a couple of changes in their electricity bills in the coming months.
First, as we have already discussed, as of November 1, 2020, regulated price plan customers will have the option to switch to "tiered pricing" instead of time-of-use (TOU) pricing. Those who switch to "tiered pricing" will see changes in their electricity bills.
The Ontario Energy Board (OEB) has now issued final amendments to the Standard Supply Service Code to support the customer election process necessary to switch from TOU pricing to tiered pricing. The main change from…
