Ontario Launches Clean Energy Credit Registry and Establishes Future Clean Electricity Fund in 2023

March 31, 2023

Ontario has launched a clean energy credit (CEC) registry and is establishing the Future Clean Electricity Fund (FCEF), which will help keep costs down for ratepayers by supporting the future development of new clean energy projects in Ontario.

Clean Energy Credit Registry

The CEC registry is an online tool that allows for the recognition, display of certification, and tracking (including transfers and retirements) of CECs generated in Ontario. Eligible Ontario-based non-fossil fuel generation facilities can be registered online and the generation from the facilities verified and tracked. Registered customers can search for CECs that meet their needs. The registry allows for transfers and retirements of an individual CEC so that it cannot be claimed by any other party.

The CEC registry will allow Ontario businesses to meet these goals by purchasing any combination of clean energy credits from nuclear, wind, solar, hydro and bioenergy, generation in Ontario.

Clean Energy Credit program
Clean Energy Credit (CEC) Program

Ontario Power Generation (OPG) will begin offering its CECs for sale immediately. The Independent Electricity System Operator (IESO) expects to begin selling IESO-held CECs in the summer of 2023.

Businesses in the province can voluntarily purchase and retire CECs to meet their corporate environmental and sustainability goals and demonstrate that their electricity has been sourced from a non-fossil fuel resource. Financial arrangements regarding the purchase of CECs are made outside of the registry between the seller and purchaser.

Clean Energy Credit, FCEF

In January 2022, the government asked the IESO to report back with detailed design options and recommendations, as well as potential benefits and projected costs of building and operating a CEC registry. In November 2022, the government asked the IESO to commence the commercial work required to launch the CEC registry, develop rules for the sale of CECs, and administer the registry.

Future Clean Electricity Fund

Proceeds from the sale of CECs held by the IESO and OPG will be directed to the government’s newly established Future Clean Electricity Fund. The government will request the IESO to report back on the proposed design for the FCEF, including how revenue will be directed to new clean energy projects.

More Information

For more information on the CEC registry, visit the IESO’s CEC registry website.

Source

Related Articles


Latest Articles

  • Future-Proofing your Business with Electrical Estimating Software

    Future-Proofing your Business with Electrical Estimating Software

    In today’s construction landscape, it’s crucial for construction business owners to seize every opportunity to future-proof their operations. Building a thriving electrical (or mechanical) contracting company entails more than just acquiring technical skills and setting up a business. Read More…

  • Ontario Drives Monthly Downturn in Residential Sector for March 2024 Building Permits

    Ontario Drives Monthly Downturn in Residential Sector for March 2024 Building Permits

    May 16, 2024 Month over month, the total value of building permits in Canada decreased 11.7% to $10.5 billion in March. Construction intentions in the non-residential component declined 16.7% to $4.0 billion, while the residential sector decreased by 8.3% to $6.5 billion. Declines were observed in all components except for the commercial component. On a constant dollar basis (2017=100), the total… Read More…

  • 25th Edition of the MEET Show Smashes Attendance Records

    25th Edition of the MEET Show Smashes Attendance Records

    May 16, 2024 By Electro-Federation Canada The energy and excitement was palpable at the 2024 edition of the MEET Show at the Moncton Coliseum on May 1 and 2. The biennial Mechanical, Electrical, Electronic, and Technology show – celebrating its 25th year in 2024 – saw record-breaking attendance, welcoming 6,626 industry professionals to one of… Read More…

  • Video: How to Easily Setup and Program Intermatic PE700 Series Wireless Timers

    Video: How to Easily Setup and Program Intermatic PE700 Series Wireless Timers

    May 10, 2024 Dive into the future & discover the ultimate convenience in pool & spa management with this “How to” video guide for setting up & programming the PE700 Series Pool & Spa Wireless Smart Timer, by Intermatic. Whether you are programming the 3-circuit model PE733P or the 2-circuit PE723P, this video is your… Read More…


Changing Scene

  • ECS Re-Certified as Best Managed Platinum Status for 7th Straight Year

    ECS Re-Certified as Best Managed Platinum Status for 7th Straight Year

    May 22, 2024 Electrical Cable Supply (ECS), Canada’s leading, independently owned electrical wire and cable solutions provider, proudly announces its re-certification as a Platinum Club member in Canada’s Best Managed Companies for the seventh consecutive year. This prestigious designation, awarded by Deloitte, recognizes Canadian-owned and managed companies for innovative management, business performance, and sustained growth…. Read More…

  • WOW Lighting and Controls adds Blink Charging to Line Card

    WOW Lighting and Controls adds Blink Charging to Line Card

    May 17, 2024 WOW Lighting and Controls are excited to introduce the newest addition to the Wow Lighting and Controls linecard: Blink Charging Co. Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (EV) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s… Read More…

  • Join ECABC’s Call for Prompt Payment in BC

    Join ECABC’s Call for Prompt Payment in BC

    May 17, 2024 On Monday, May 6th, ECABC launched a campaign across its social media platforms to create awareness for the need for prompt payment laws in British Columbia, now. Year after year, BC’s lack of prompt payment has been the #1 issue for ECABC’s contractors. Why? Because prompt payment ensures that contractors and subcontractors receive… Read More…

  • ABB Invests in Ndustrial to Accelerate Decarbonization Through AI-Powered Energy Management Technologies

    ABB Invests in Ndustrial to Accelerate Decarbonization Through AI-Powered Energy Management Technologies

    May 17, 2024 ABB today announced a minority investment in Ndustrial, a US-based clean technology startup that has developed a leading-edge, AI-powered energy management platform. This innovative technology enables smarter, production-aware energy decisions in real time, helping customers reduce operating costs, optimize energy consumption and accelerate decarbonization. The investment was made through ABB Ventures. Financial… Read More…