The Ontario Energy Board has issued initial guidelines related to accounting, funding and planning for distribution system development to accommodate renewable generation.
The guidelines comprise the following elements:
– establishing new deferral accounts for electricity distributors to record capital investments and expenses incurred for projects that will accommodate renewable energy or develop a smart-grid pilot;
– introducing a mechanism that provides advance funding for expenditures that will accommodate renewable generation; and
– providing guidance to electricity distributors regarding preparing plans to accommodate renewable generation.
The guidelines are intended to enable electricity distributors to get an early start on investments that should be made now to further the government's policy goals in the Green Energy and Green Economy Act, 2009, and to plan investments that may be required in the future.
SOURCE: Ontario Energy Board