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The tax exemption on transfers of assets among Local Distribution Companies will encourage rationalization in the public sector, but the decision to shut out private investors is disappointing. "The energy measures in the budget are positive," said Peter Budd, Chair of the OEA. "The government and the industry must now focus on creating the conditions for progress toward a fully competitive market." Bernard Jones, President and Chief Executive Officer of the OEA, added, "We must put place more predictable and efficient regulation under an independent regulator. Market competition in electricity and fair and reasonable regulation of both natural gas and electricity utilities and marketers will make it feasible to restore customer choice in Ontario, which ultimately is the key to balancing demand and supply at reasonable prices." The Ontario Energy Association's mission is to proactively foster a business environment conducive to a prosperous and sustainable energy industry. We represent the companies that do business in Ontario's energy industry, serving homes, farms and businesses across the Province.
"The energy measures in the budget are positive," said Peter Budd, Chair of the OEA. "The government and the industry must now focus on creating the conditions for progress toward a fully competitive market."
Bernard Jones, President and Chief Executive Officer of the OEA, added, "We must put place more predictable and efficient regulation under an independent regulator. Market competition in electricity and fair and reasonable regulation of both natural gas and electricity utilities and marketers will make it feasible to restore customer choice in Ontario, which ultimately is the key to balancing demand and supply at reasonable prices."
The Ontario Energy Association's mission is to proactively foster a business environment conducive to a prosperous and sustainable energy industry. We represent the companies that do business in Ontario's energy industry, serving homes, farms and businesses across the Province.
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