Ontario’s Minister of Energy issued a directive to accept recommendations from the Independent Electricity System Operator’s (IESO) interim “Pathways to Decarbonization” report. This move confirms eligibility for gas-fired generation and non-emitting resources in the upcoming Long-Term 1 RFP, the Expedited RFP and the Upgrades Solicitation. In following with the recommendations of the IESO report, the Minister of Energy confirmed the need for incremental gas resources to ensure reliability, affordability and sustainability for Ontario electricity consumers.
This directive represents 4000 MW of new capacity in Ontario to reach commercial operation by 2026. The following allocations and thresholds have been identified:
This represents the single largest procurement for energy resources in Canada at a time where supply scarcity is similarly becoming an issue across neighbouring jurisdictions. The IESO is now formally tasked with executing on the first round of procurements.
For more insights and support in navigating the rapidly changing Ontario energy landscape, do not hesitate in contacting your Sussex consultant.
Chris Benedetti, Managing Partner: cbenedetti@sussex-strategy.com
Bonnie Hiltz, Vice President and Energy Practice Lead: bhiltz@sussex-strategy.com
Mark Olsheski, Vice President, Energy: molsheski@sussex-strategy.com
Patrick Gajos, Director and General Counsel: pgajos@sussex-strategy.com
Jordan Penic, Director, Energy: jpenic@sussex-strategy.com
Joyce Mankarios, Director, Ontario: jmankarios@sussex-strategy.com
Kristina Matovich, Research Associate, Energy: kmatovich@sussex-strategy.com
