The regulations would drive up the cost of energy slightly, but federal officials say that would be offset by the savings expected to come from moving away from fossil fuels.
The government plans to cover up to half of the cost of the regulations through tax credits, low-cost financing and other funds, which could mean even less cost is passed onto consumers, Guilbeault said at a press conference in Toronto. "Shifting to clean electricity saves households on their energy bills, away from the shocks of yo-yoing gas and oil prices," Guilbeault said.
The ministry has been seeking feedback on the regulatory framework for nearly a year and will consult on the draft regulations for 75 days, with a final version expected to be published in January 2025. "They want to know what the rules of the game will be, and that's exactly what we're doing. We're giving them a lot of time to prepare."
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'Reimagined' PGA Tour schedule brings historic changes to Canadian OpenWith the Canadian Open moved into May for the first time in its 120-year history, naysayers are already raising criticism about the date change that may only be silenced by another electric finish. (adam_stanley)
Source: Sportsnet - 🏆 57. / 59 Read more »