Ontario gives green energy price guarantee


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Ontario expects to cover the total cost and provide “a reasonable rate of return” for investments in green energy projects through decades-long contracts with fixed electricity prices.

The government said it is the first program of its kind in North America.

Solar, wind, water, biomass, biogas and landfill gas producers, including individual homeowners, will all be eligible to sell their power to the provincial grid under the program, one of the four final components of the Ontario Green Energy Act announced by Premier Dalton McGuinty Thursday.
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