About the Feed-in Tariff
The Long Lake site received a feed-in tariff (FIT) contract from the Independent Electricity System Operator (IESO) - formerly known as the Ontario Power Authority (OPA) - under the Feed-in Tariff (FIT) Program. Under the FIT Program, the IESO agrees to buy electricity generated by eligible projects at fixed prices under long-term contracts.
The Ontario FIT Program includes domestic content requirements that mandate a percentage of locally made equipment. This feature aims to boost the province’s manufacturing sector and to stimulate the local and provincial economies.