FIT Overview

News and Updates

September 20, 2017: Contract Offers for FIT 5

The FIT 5 procurement has concluded and the IESO is prepared to offer 390 new Feed-In Tariff (FIT) contracts. These contracts represent 149.999 megawatts (MW) of renewable energy. The procurement target for FIT 5 was 150 MW.

July 14, 2017: FIT Contract Version 5.0.2

The FIT Contract, Version 5.0.2 has been posted to replace Version 5.0.1.

July 12, 2017: FIT Contract Version 5.0.1

The IESO has posted version 5.0.1 of the FIT Contract, which includes enhanced language to clarify the intention of Secured Lenders' rights in the event of a termination due to a Supplier Event of Default, provides further clarity regarding the role of Independent Engineers, and incorporates a small number of administrative refinements.

What is the Feed-in Tariff Program?

The Feed-In Tariff (FIT) Program was developed to encourage and promote greater use of renewable energy sources including on-shore wind, waterpower, renewable biomass, biogas, landfill gas and solar photovoltaic (PV) for electricity generating projects in Ontario.

As a standardized way to contract for renewable energy generation, Ontario’s FIT Program was one of North America’s first comprehensive guaranteed pricing structures for renewable electricity production, offering stable prices under long-term contracts.