July 21, 2010, Toronto, Ont. – Ontario’s environmental watchdog is demanding answers about a huge cut in the guaranteed price for some solar power projects.
The Ontario Power Authority announced during the Canada Day long weekend that the promised 80.2 cents a kilowatt hour for ground-mounted solar projects was being slashed to 58.8 cents.
Environmental Commissioner Gord Miller says the OPA has a duty to fully disclose the financial assumptions it used to cut the guaranteed rate for solar projects by 27 per cent.
He says a deal is a deal, or should be, and the numbers the OPA has released so far just don’t add up.
Miller says people will lose confidence in Ontario’s commitment to green energy if they don’t get all the financial details used to justify the price cut.
The Opposition says the Liberals promised solar producers one thing but delivered another because they’ve been rushing through their green energy agenda without enough thought.
Miller estimates about 11,000 applicants for solar projects in Ontario will be affected by the rate cut, which some business people say has already resulted in cancelled contracts.
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