Business Plan

Corporate Strategy and Business Planning

The energy sector continues to evolve at an unprecedented rate, challenging the IESO to respond quickly to changing circumstances, while continuing to ensure Ontarians have the power they need when they need it – and at the lowest cost. The IESO’s strategy considers a range of factors that are expected to affect the organization over the long term. These include a changing policy environment, emerging technologies, operability considerations, the growing complexity of cyber threats and the changing role of consumers.

Business Plan

The IESO’s 2019-2021 Business Plan sets out the priorities that we’re focusing on to enhance the reliability and efficiency of Ontario’s power grid, deliver a more efficient market, plan for the future, and ensure power is available to and affordable for all Ontarians.

The IESO is committed to delivering on its core responsibilities, while making the investments today that will result in significant benefits for both market participants and consumers over the longer term. Our Market Renewal Program (MRP), which aims to meet system and participant needs at lowest cost, is a perfect example.

The plan also outlines how our investments in cybersecurity, innovation, long-term planning and engagement will help position Ontario as both a leader in grid reliability and performance and an important voice on issues shaping the broader electricity sector.

Even as we make the significant investments required to deliver on these initiatives, our commitment to sound financial management means we are holding our revenue requirement for 2019 at the same levels as 2017 and 2018. For 2019, the IESO’s proposed core operating expenses are $190.8 million, which will be funded by usage fee revenues. Capital projects in 2019 to facilitate the delivery of core business functions are expected to be $17.3 million, with a further $38 million allocated to fund the next stage of the MRP.

Read the 2019-2021 Business Plan.

Approval letter from the Minister of Energy, Northern Development and Mines (December 11, 2018)