Ontario Electricity Market Overview
The Ontario Energy Market has been completely restructured over the past 2 decades.
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The Natural Gas market was de-regulated in 1985, allowing consumers to benefit from fixed-rate contracts for their natural gas supply. Today, a majority of Ontario natural gas consumers elect to stabilize their natural gas rates rather than be subjected to the volatility of the marketplace.
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More recently, the Electricity market has been de-regulated. Large commercial users of electricity are now paying market rates, and subsidies to residential and small business rates have been reduced.
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Recent developments, including the decision by the Ontario government to close all of its coal-fired generating plants by 2009 seem to indicate that the recent upward trend in Electricity rates will continue.
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