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Ontario says federal clean electricity regulations would add $35B in costs

  • Ontario warns that federal clean electricity regulations could result in $35 billion in additional costs by 2050, according to an analysis by the province's system operator, IESO.
  • The IESO stated that building new electricity generation to compensate for natural gas restrictions would raise residential bills by $132 to $168 annually starting in 2033.
  • Ontario believes it can achieve a net-zero grid by 2050 without federal regulations, relying on new nuclear and renewable resources, as noted by the IESO.
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Winnipeg Free Press broke the news in Winnipeg, Canada on Monday, December 2, 2024.
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