Ontario’s Feed-in Tariff (FIT) was created to encourage the development of renewable energy in Ontario. After studying and learning important lessons from Germany, Spain, Denmark and other jurisdictions, the FIT program was designed with the unique characteristics of Ontario’s electricity system.
Benefits of the FIT Program include:
- contribution towards enabling Ontario to phase out coal-fired electricity generation – the largest climate change initiative in Canada
- boosting economic activity and development of renewable energy technologies
- creating new industries and jobs