Ontario Integrated Energy Plan (IEP)
IESO is asking generation owners what it will take to extend the lives of their units at the end of their current contracts as Ontario seeks ways to meet a projected 75% load increase by 2050.
The Ontario Energy Board's new CEO insisted it will retain its independence in adjudications even as it embraces the province’s directive to consider economic development in its policymaking.
The Ontario government’s ambitious energy plan could prove costly to ratepayers if load growth stalls or new nuclear plants produce cost overruns, said A.J. Goulding, president of London Economics International.
Ontario environmental groups panned the Canadian government’s inclusion of small modular reactors among infrastructure projects selected to receive fast-track regulatory treatment, saying renewables would be a far cheaper way to expand generation capacity.
Ontario’s Progressive Conservative government continues to put its stamp on the province’s energy policy, proposing legislation that would add “economic growth” to the missions of IESO and the Ontario Energy Board.
The Ontario Energy Board plans a 22% increase in its 2025/26 budget with the addition of 32 employees, its biggest hiring surge in at least five years.
Ontario is putting its chips on nuclear power and natural gas to meet its growing energy demand while directing IESO to incorporate gas distributors and the province’s economic development goals in its system planning.
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