TORONTO, March 21, 2019 (GLOBE NEWSWIRE) -- The OEA wishes to congratulate the government for moving ahead with reforming the governance structure and accountability framework of the Ontario Energy Board (OEB) as recommended by the OEB Modernization Review Panel. The OEA looks forward to working with the provincial government in implementing its vision for the sector.

“The OEA commends the provincial government for taking action to modernize Ontario’s energy regulator,” said Vince Brescia, President & CEO of the OEA. “The improved governance structure proposed for the Ontario Energy Board will help instill investor confidence and therefore promote innovation and job creation in a sector going through a technological transformation,” said Brescia.  “The OEA proposed many of these reforms in its submissions to the OEB Modernization Panel and is pleased to see the provincial government being responsive to suggestions coming from the sector.”

With respect to the conservation reforms, the OEA recognizes the government’s objectives to remove costs from Ontario’s electricity system. Looking ahead, the OEA believes that conservation will be an important low cost resource for Ontario’s energy system in the future. “We look forward to working with the provincial government, the Independent Electricity System Operator (IESO) and the Ontario Energy Board to develop a long term strategy for conservation that ensures electricity customers can benefit from this low cost alternative to other resources,” said Brescia.

Additional Resources:

ABOUT THE OEA

The Ontario Energy Association (OEA) is the credible and trusted voice of the energy sector. We earn our reputation by being an integral and influential part of energy policy development and decision making in Ontario. We represent Ontario’s energy leaders that span the full diversity of the energy industry.

For more information: Leanne Ryan, Marketing & Communications Associate 
Vince Brescia, President & CEOOntario Energy Association 
Ontario Energy Association647.463.5244
416.961.8874leanne@energyontario.ca 
vince@energyontario.ca