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ARTICLE · 07 FEBRUARY 2022

IESO To Develop Design Of Clean Energy Credit Registry

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The IESO is tasked with preparing a report, by July 4, 2022, that outlines detailed design options for a CEC registry.

CanadaEnergy and Natural Resources
Tyson Dyck
Tyson Dyck
Henry Ren
Henry Ren
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On January 26, Ontario's Minister of Energy issued a letter to the province's Independent Electricity System Operator (IESO), requesting a report regarding the creation of a registry for the creation, trading and retirement of clean energy credits (CECs) in Ontario.

What you need to know

  • The Minister's letter highlights Ontario's "clean energy advantage" (with 94% of electricity generated from nuclear, hydro, wind and solar in 2020) and the growing demand for low carbon electricity to meet environmental and sustainability goals.
  • The IESO is tasked with preparing a report, by July 4, 2022, that outlines detailed design options for a CEC registry. According to the Minister, the report must take into account the following design principles: the registry should 1) be scoped for electricity generated and consumed in Ontario, with the potential to facilitate cross-border trading in the future, 2) facilitate the voluntary purchase of CECs, 3) evaluate market demand

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