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Market Renewal

Market Renewal

The Market Renewal Program (MRP) is modernizing Ontario's electricity markets to address inefficiencies and will be a building block to embrace the continued transition to new and diverse resources.

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Market Renewal Newsletter - May Update
May 7, 2024

News and Updates>


The Market Renewal Program (MRP) will make improvements to the current electricity market design, by improving how we supply, schedule and price electricity, leading to system efficiencies and supporting the grid of the future. This project will deliver significant value to the system and Ontario consumers – an expected $700 million in benefits in the first 10 years alone.

Video explains the Market Renewal Program

Check out the video – An Introduction to Market Renewal – and learn about the changes we are making to Ontario’s electricity markets, including how we schedule and price electricity.

Watch the video