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Category : Energy and Natural Resources

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Ontario's Energy and Electricity Subsidy Programs

Ontario's Energy and Electricity Subsidy Programs

Feb 16, 2022

This report examines the Province’s nine energy and electricity subsidy programs, estimates the cost of the programs over 20 years, and reviews how the programs affect the electricity bills of Ontario households and businesses. The report also identifies changes to the subsidy programs since the introduction of the Fair Hydro Plan in 2017 and estimates the cost of those changes. Finally, the report discusses how the Province plans to achieve its commitment to lower electricity bills by 12 per cent.

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Home Energy Spending in Ontario: Income and Regional Distribution

Home Energy Spending in Ontario: Income and Regional Distribution

Oct 19, 2021

This report examines how home energy spending differs across household income levels and regions in Ontario. The report also discusses how the benefits from provincial programs that subsidize the cost of electricity are distributed to Ontario households by income level and region.

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The Cost of Subsidizing Green Energy Contracts for Industrial and Large Commercial Ratepayers

The Cost of Subsidizing Green Energy Contracts for Industrial and Large Commercial Ratepayers

Mar 18, 2021

This report explains how the Province’s new program to reduce electricity costs for industrial and large commercial ratepayers by subsidizing the cost of green energy contracts will work, projects the cost of the program to the Province, and estimates the impact of the program on Ontario electricity ratepayers.

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A Financial Review: The Decision to Freeze Time-Of-Use Electricity Pricing

A Financial Review: The Decision to Freeze Time-Of-Use Electricity Pricing

May 22, 2020

The purpose of this report is to: explain time-of-use (TOU) electricity pricing in Ontario, estimate electricity bill savings for residential and commercial (mainly small businesses and farms) ratepayers; and project the cost to the Province from suspending TOU pricing.

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Home Energy Spending in Ontario: 2019 Update

Home Energy Spending in Ontario: 2019 Update

Mar 2, 2020

This report is the 2019 Update on Home Energy Spending in Ontario. Home energy spending represents what Ontarians pay to heat and cool their homes and power their appliances.

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Electricity Trade Agreement

Electricity Trade Agreement

Apr 18, 2018

This report reviews the Ontario-Quebec Electricity Trade Agreement, which is a seven-year agreement between Ontario and Quebec that runs from 2017 to 2023.

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Hydro One: Updated Financial Analysis of the Partial Sale of Hydro One

Hydro One: Updated Financial Analysis of the Partial Sale of Hydro One

Feb 12, 2018

This report provides an updated financial analysis of the partial sale of Hydro One. The Province completed its final sale of Hydro One shares in December of 2017 and generated an estimated $9.2 billion in proceeds by selling 53 per cent of Hydro One.

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Nuclear Refurbishment Report

Nuclear Refurbishment Report

Nov 21, 2017

The FAO’s report reviews how the nuclear refurbishment plan will impact electricity ratepayers and the Province, and identifies how financial risk is allocated among ratepayers, the Province, Ontario Power Generation and Bruce Power.

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An Assessment of the Fiscal Impact of the Province’s Fair Hydro Plan

An Assessment of the Fiscal Impact of the Province’s Fair Hydro Plan

May 24, 2017

This report reviews how Ontario’s Fair Hydro Plan (FHP) will impact electricity ratepayers and Provincial finances.

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Home Energy Spending in Ontario: Regional and Income Distribution Perspectives

Home Energy Spending in Ontario: Regional and Income Distribution Perspectives

Sep 27, 2016

This commentary answers two questions: 1) on average how do home energy costs in Ontario compare across regions of the province? and 2) how much do Ontario households at different levels in the income distribution spend on home energy?

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The Financial Accountability Office was established by the Financial Accountability Officer Act, 2013.

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