October 12, 2011
Energy Efficiency: The Greenest and Lowest-Cost Energy Strategy for Ontario
Ontario can lower residential and industrial energy bills, reduce the provincial deficit and create jobs by increasing its energy productivity according to our new report, An Energy Efficiency Strategy for Ontario’s Homes, Buildings and Industries.
According to our companion report prepared by Dr. Ernie Stokes of the Centre for Spatial Economics, energy efficiency investments which reduce the outflow of Ontario dollars to Alberta to purchase natural gas will lead to a net increase of 12,200 to 33,800 jobs per year in Ontario between 2016 and 2021. The energy efficiency investments will also reduce Ontario’s provincial deficits by $159 million and $479 million between 2016 and 2021.
In particular, we are asking Premier McGuinty to reduce our energy bills and create jobs by:
- Empowering our electric and gas utilities (e.g., Hydro One, Toronto Hydro, Hydro Ottawa, Enbridge Gas Distribution and Union Gas) to help their customers implement all of their cost-effective energy saving opportunities.
- Directing the Ontario Power Authority to pay industrial companies up to the same price to save energy as they pay electricity generating companies to produce electricity.
- Mandating that all new natural gas-fired electricity supply must be combined heat and power to squeeze every drop of energy out of the natural gas we use.
Thanks for helping raise the profile of energy efficiency.