15 September 2011

THE EFFECTIVENESS, EFFICIENCY AND BURDEN OF REGULATION IN A MARKET TRANSFORMATION PROCESS: THE CASE OF CANADA


In Canada, a set of private and public sector initiatives converged starting in 2005 to engage the industry in a major market transformation led by the Canadian GeoExchange Coalition. The growth of ground source heat pump markets has proven directly related to the establishment and deployment of this national market transformation strategy. Five years into the process, industry stakeholders in Canada have identified major problems with current regulations, codes and standards. In addition, some market strategies deployed by utilities and governments proved ill-defined and have restrained industry growth. This paper evaluates the effectiveness, efficiency and burden of current regulation, on the marketplace.