Ontario Warns Federal Clean Electricity Rules Could Cost $35 Billion by 2050

Provincial analysis claims proposed regulations on natural gas could strain electricity generation capacity and raise consumer bills.

Ontario's Independent Electricity System Operator (IESO) estimates federal clean electricity regulations could add $35 billion in costs by 2050.
The IESO report suggests the province would need to double its planned electricity generation capacity to meet the rules, a goal deemed 'not feasible' within the timeline.
Residential electricity bills could increase by $132 to $168 annually starting in 2033 if the regulations are implemented as proposed.
Ontario Energy Minister Stephen Lecce has urged federal ministers to revise the rules, citing concerns over affordability, reliability, and economic competitiveness.
The federal government highlights its $15 billion Clean Electricity Investment Tax Credit and other investments to support Ontario's transition to a net-zero grid by 2050.