|
|
|
|
|
|
|||||
      
|
Backgrounder
Fiscal Impact of Government’s Response to Higher Energy Costs
The total cost of the Government of Canada’s response to high energy costs is $2.438 billion over five years. Of this amount, $1.333 billion is newly committed funding, while the remainder is from existing sources of funding.
Table 1 shows the cost of each element in the package, while Table 2 illustrates the sources of the funds. All figures are over five years unless otherwise indicated.
Table 1: Costing of Package
|
|
|
|
Direct Payments to Low-Income Families and Low-Income Seniors |
|
|
Energy Cost Benefit |
$565 million |
|
Energy Efficiency |
|
|
EnerGuide for Low-Income Households |
$500 million |
|
EnerGuide for Houses Retrofit Incentive |
$170 million |
|
High-Efficiency Home Heating System Cost Relief Program |
$105 million |
|
Accelerated Standards Action Program (energy-efficient homes) |
$60 million |
| EnerGuide for Buildings (municipalities, universities, schools and hospitals) |
$210 million |
| Public Transit Infrastructure |
$800 million |
| Enhanced Market Transparency |
|
|
Office of Petroleum Price Information |
$15 million |
|
Administration of Competition Act changes |
$13 million |
|
Total |
$2.438 billion |
|
|
|
Table 2: Sources of Funds
|
|
|
|
Bill C-48 |
|
|
Low-income retrofit |
$100 million |
|
Public transit |
$800 million |
|
Climate Change Review Reallocation |
|
|
Accelerated Standards Action Program (energy-efficient homes) |
$60 million |
| MUSH retrofit initiative |
$145 million |
| New Funding |
$1.333 billion |
| Total |
$2.438 billion |
| | |
___________________________________
For further information, media may contact:
|
David Gamble |
|
|
||||
| Last Updated: 2005-10-06 |
|
||||
