OTTAWA (November 21, 2018) – Today, the Canadian Electricity Association (CEA) responded to the Federal Government’s Fall Economic Statement, “Investing in Middle Class Jobs.” The Fall Economic Statement offers several positive steps forward that could benefit the electricity sector.
“Our industry faces an increasing burden from cumulative and complex regulations, including a myriad of legislative and regulatory measures related to climate change, project approvals and authorizations,” said Hon. Sergio Marchi, President and CEO of CEA. “Canada’s electricity sector therefore welcomes the government’s commitment to modernize and streamline our nation’s regulatory regime. This could help companies thrive, enhance economic growth and promote innovation.”
An emphasis on competitiveness when creating regulations, new measures to allow innovative technologies to be adopted, working with the provinces to harmonize approaches, and annual regulatory review legislation, are positive steps forward. We look forward to the Government urgently implementing these measures and participating in these processes.
Addressing regulatory burden will be essential for Canada’s electricity sector to grow as it moves towards a cleaner energy future. The government’s intent to create the Centre for Regulatory Innovation could allow for new technological and innovative developments.
The Government also announced its intention to create a Dedicated External Advisory Committee on Regulatory Competitiveness – a key CEA ask. We hope the establishment of this advisory committee leads to the reduction of cumulative pancaking.
“Tax measures in this statement will encourage investment, especially in clean energy technologies for consumers and industrial uses. Renewable power is a key part of Canada’s clean energy future and the movement towards a low carbon economy,” noted Marchi.
In closing, CEA looks forward to continuing to work with the Government on these important initiatives. However, we urge the Government to take swift and decisive action, while at the same time addressing the unique challenges that face the electricity sector.
- 30 -
About the Canadian Electricity Association Canadian Electricity Association (CEA) members generate, transmit and distribute electrical energy to industrial, commercial, residential and institutional customers across Canada every day. From vertically integrated electric utilities, independent power producers, transmission and distribution companies, to power marketers, to the manufacturers and suppliers of materials, technology and services that keep the industry running smoothly -- all are represented by this national industry association.| For additional Information: Julia Muggeridge Director of Communications T 613.627.4333 muggeridge@electricity.ca |