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ARTICLE · 24 JULY 2025

Virtually Great: New Opportunities For Corporate Power Purchase Agreements In Ontario

Gowling WLG
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The Province of Ontario has enacted a landmark regulation, O Reg 101/25, that establishes a comprehensive legal framework for large electricity users to enter into corporate power purchase agreements...

CanadaEnergy and Natural Resources

The Province of Ontario has enacted a landmark regulation, O Reg 101/25, that establishes a comprehensive legal framework for large electricity users to enter into corporate power purchase agreements ("PPAs") with offsite renewable energy generators.

This regulation is—potentially—a major development for Ontario's electricity market, opening up new opportunities for both renewable energy developers and large energy users. It marks Ontario's entry into the world of virtual power purchase agreements—a model that has driven substantial innovation and economic development in other jurisdictions—but, as is usual, a good deal depends on roll-out and implementation.

Key features at a glance:

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