Federal government releases new draft regulations on clean electricity
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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 has set a target of making the electricity grid net-zero by 2035, and the regulationsreleased todayare meant to help guide the way.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYUnlimited online access to articles from across Canada with one account.
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Canada Releases Draft Regulations to Clean Electricity GridEnvironment Minister Steven Guilbeault has released draft regulations aimed at making Canada's electricity grid net-zero by 2035. The regulations would increase the cost of energy slightly, but the government expects savings from transitioning away from fossil fuels to offset the increase. The national average household energy bill is estimated to increase by $35 to $61 per year, with only two percent of the increase attributed to the regulations. The draft regulations will be open for consultation for 75 days, with a final version expected to be published in January 2025.
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