Market Incentive Program

Source: International Energy Agency
Last updated: 5 June 2020

Launched on October 28, 2002, the Market Incentive Program was a $25-million initiative through the Action Plan 2000 on Climate Change to stimulate the emerging markets for renewable electricity. the Program sought proposals from electricity distributors interested in developing market-based projects to increase the sales of electricity from emerging renewable energy sources in residential and small-business sectors. The Government of Canada provided a short-term financial incentive of up to 40 percent of the eligible costs of an approved project, to a maximum contribution of $5 million per recipient. The funding for the programme ended March 31, 2006.