Waterpower

Description

Waterpower is one of the cleanest and most economical sources of electricity. It supplies both baseload and peak-load generation to the grid and is a proven critical resource for the sustainability of the electricity system. Today, Ontario's waterways provide many opportunities for waterpower projects to be developed.

Project size

• 10 kilowatts or less

Contract price paid per kWh

• 13.1 cents

Inflation index

• 20 percent

Possible permits and approvals

• Electrical Safety Authority approval
• Ministry of the Environment and Ministry of Natural Resources renewable energy approval

Location/ resource

• Where there are steep rivers, streams, creeks or springs flowing year-round

Other considerations

• Project may affect:
  • income taxes
  • property taxes
  • Contact your municipality and the Canada Revenue Agency

Industry associations

• Ontario Waterpower Association (OWA)