Ontario’s Ministry of Energy and Natural Resources (the Ministry) has announced new draft amendments (the Proposed Amendments) to O. Reg. 429/04, Adjustments Under Section 25.33 of the Act (the Regulations). The Regulations establish the global adjustment (GA) fees Ontario’s large commercial electricity consumers must pay to fund the cost of non-wholesale market electricity contracts pursuant to section 25.33 of the Electricity Act, 1998 (the Act). The Proposed Amendments are based on feedback received from stakeholders during the consultation held in late 2023. The anticipated effective date for the Proposed Amendments is May 1, 2025.   This bulletin briefly summarizes the Proposed Amendments and key information.   Background. The Independent Electricity System Operator (IESO) began procuring new clean electricity resources in 2023 as directed by the province’s Powering Ontario’s Growth plan. The IESO initiated electricity capacity resource procurement in 2023 and plans to start electricity energy resource procurement in 2024. Key objectives. The Proposed Amendments seek to support the growth in procurement of new clean generation in the province. This is done by allowing Industrial Conservation Initiative (ICI) Class A market participants to offset their facility’s demand in the top five peak hours of a base period for settlement purposes by entering into power purchase agreements (PPAs) with non-emitting generation facilities that are not connected behind the facility’s meter.   Eligible technologies. The types of eligible technologies under the Proposed Amendments are wind, solar, hydroelectric, and biofuel. In making the announcement, the Ministry stated that it recognizes the interest in pairing these technologies with energy storage and small modular reactors (SMRs), but deferred inclusion of these additional technologies due to implementation complexities. Energy storage resources are critical to a cost-effective, safe, clean, and reliable electricity grid, and the Ministry may wish to consider expediting the eligibility of energy storage (particularly battery electric storage) under the Proposed Amendments.   Stakeholder feedback. Interested stakeholders are encouraged to submit feedback on the Proposed Amendments by June…