In 2022, buildings accounted for 13 per cent of the country’s emissions, making them the third biggest source of greenhouse gases by sector, after oil and gas and transportation.
It was overseen by provincial and territorial regulators whose key goal was to ensure safe and reliable energy at fair rates for customers.
It aimed to incentivize developers “to choose the most cost-effective, energy-efficient choice,” but the board was overruled by the Ontario government, so the original plan will go ahead.
Kate Harland, lead author of the Canadian Climate Institute report, said utility regulators’ mandates should be changed to include climate targets, as has been done in the U.K. And they could change “obligation to serve rules” in order to consider alternative technologies, such as electrification, energy efficiency measures or thermal networks to provide heating to customers.
It is the perfect method to allow gas utilities to transition and keep or increase their annual profit, while at the same time reducing the customer’s energy bills, according to Schulman.
Harland says current incentives alone won’t drive down customer demand for gas quickly enough and energy policies need to change.
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This is the best summary I could come up with:
In 2022, buildings accounted for 13 per cent of the country’s emissions, making them the third biggest source of greenhouse gases by sector, after oil and gas and transportation.
It was overseen by provincial and territorial regulators whose key goal was to ensure safe and reliable energy at fair rates for customers.
It aimed to incentivize developers “to choose the most cost-effective, energy-efficient choice,” but the board was overruled by the Ontario government, so the original plan will go ahead.
Kate Harland, lead author of the Canadian Climate Institute report, said utility regulators’ mandates should be changed to include climate targets, as has been done in the U.K. And they could change “obligation to serve rules” in order to consider alternative technologies, such as electrification, energy efficiency measures or thermal networks to provide heating to customers.
It is the perfect method to allow gas utilities to transition and keep or increase their annual profit, while at the same time reducing the customer’s energy bills, according to Schulman.
Harland says current incentives alone won’t drive down customer demand for gas quickly enough and energy policies need to change.
The original article contains 1,091 words, the summary contains 182 words. Saved 83%. I’m a bot and I’m open source!