MENU
01
Home
02
Services
03
Sectors
04
Team
05
Our Work
06
Updates
07
Careers
08
Contact
Services
01
Government Relations
02
Communications & Digital
03
Advisory Services
Sectors
01
Energy
02
Environment
03
Health Care
Updates
01
Insights
02
News
EN
FR
HomeServicesSectorsTeamOur WorkUpdates
EN
FR
insights
updates
July 19, 2021

IESO Releases the 2021 Annual Acquisition Report

written by
Energy Team
IESO Releases the 2021 Annual Acquisition Report

Today amid broad stakeholder anticipation, the Independent Electricity System Operator (IESO) released the Annual Acquisition Report (AAR).  The purpose of this report is to identify the precise tools, targets and timing the IESO will use to meet Ontario’s electricity market needs identified in the 2020 Annual Planning Outlook (APO).

As a reminder, the IESO’s Resource Adequacy Framework (RAF) defines a process, informed by the APO, for assessing bulk system and regional resource needs arising in the coming years, and the subsequent procurement methodology to be considered for securing those resources.  These tools were approved by the IESO Board of Directors last December, and by the Government of Ontario in the recent Letter to the IESO on May 31st. The RAF includes the following:

  • A Capacity Auction for short term needs, characterized by annual procurements and short delivery periods;
  • Medium Term Commitments, run cyclically as an RFP or enhanced Capacity Auction and characterized by multiple year (3-5) commitment periods;
  • Long Term Requests for Proposal(s) (RFPs), run periodically and characterized by longer term (7+ year) commitment periods; and
  • Bilateral Negotiations, either for assets that are deemed essential in addressing system needs, reliability must run (RMR) agreements, or as directed by government.

The Unsolicited Proposal Framework, otherwise known as the Gated Assessment Process, is also mentioned in the AAR. That said, this is a government-led process managed by the IESO, explicitly for projects to which no competitive procurement solicitation exists, but where those projects may hold ratepayer saving and electricity system benefit potential.

The IESO hopes the AAR provides enough clarity on upcoming market opportunities to enable companies to begin necessary project preparations and investment decisions to facilitate sufficient market competition in the upcoming procurement opportunities.

Read the full update here.

No items found.
share article
Link copied
‍

RECENT POSTS

Mark Carney Wins Minority Government
April 29, 2025

Mark Carney Wins Minority Government

‍Prime Minister Mark Carney has led the Liberal Party of Canada to a fourth consecutive term as the governing party. This election victory resulted in a minority government, with 43.5 percent of the vote share, and 168 seats in the House of Commons.

IESO Publishes 2025 Annual Planning Outlook
April 28, 2025

IESO Publishes 2025 Annual Planning Outlook

On April 24, 2025, the Independent Electricity System Operator (IESO) released the 2025 Annual Planning Outlook (APO), marking another significant milestone in Ontario’s electricity sector planning.

Federal Election 2025 Update/Week 5
April 25, 2025

Federal Election 2025 Update/Week 5

As Election Day is Monday, party leaders are faced with the last few opportunities to make their case to Canadians that they should be next to form a government and lead the country.

view all
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
company
HomeTeamCareersContactTerms & PoliciesAccessibility
explore
ServicesSectorsOur WorkUpdates
follow us
ALL RIGHTS RESERVED © 2020
Land Acknowledgement