Resource Adequacy Engagement
The IESO remains committed to transitioning to the long-term use of competitive mechanisms to meet Ontario’s resource adequacy needs and understands that stakeholder input is critical to inform this transition. To begin this discussion with stakeholders, the IESO has developed a draft resource adequacy strategy based on extensive stakeholder engagement conducted on the Incremental Capacity Auction High-level Design and additional discussions with individual stakeholders to better understand their specific risks. Key feedback themes that emerged through these discussions with stakeholders include:
- Recognition that a “one-size-fits-all” approach won’t be sufficient to balance supplier, ratepayer and system operator risks and cost-effectively meet all of our needs
- Different resource types have different risks, requirements and timelines for development that should be considered
- Different tools are better suited to different resource types
- Some resources are not suited to competitive acquisition mechanisms
- System planning forecasts will have to align with any resource adequacy strategy we go forward with
- Increased risk in Ontario markets due to regulatory and political uncertainty
To facilitate competition, and provide business planning certainty, resource adequacy needs should be planned and acquired for three timeframes: short, mid and long-term. Through this consultation, the IESO will engage stakeholders to further develop a long-term competitive strategy to meet Ontario’s resource adequacy needs reliably and cost-effectively while recognizing the unique needs of different resources.
This engagement plan outlines the objectives, approach, timeline and considerations for engaging stakeholders. This engagement plan may be subject to review and updates as the process evolves. All comments and enquiries on this engagement can be directed to engagement@ieso.ca.
Schedule of Activities
| Date |
Activities |
Expected Actions |
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January 26, 2021 |
Engagement webinar The IESO will present the Board-approved high-level Resource Adequacy framework, review stakeholder feedback received following the last meeting, and engage with stakeholders on how Ontario’s Resource Adequacy framework will be implemented by translating needs identified in planning documents into acquisition targets. |
Register with engagement@ieso.ca This webinar is being presented during the IESO's January stakeholder engagement sessions, see full agenda for more information. |
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December 9, 2020 |
IESO is seeking feedback from stakeholders on the materials presented at the November 18th webinar
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December 2020 |
Recommendation to IESO Board |
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November 18, 2020
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The IESO will summarize and provide a response to stakeholder feedback received following the September 28 webinar and present the proposed approach for the next phase of engagement to discuss details needed to operationalize and implement the Resource Adequacy framework. |
This webinar is being presented during the IESO's November stakeholder engagement sessions, see full agenda for more information.
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October 20, 2020
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IESO is seeking feedback from stakeholders on the materials presented at the September 28th webinar
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September 28, 2020 |
Engagement webinar The IESO will begin discussion regarding a long-term competitive resource adequacy strategy with stakeholders. |
This webinar is being presented during the IESO's September stakeholder engagement sessions, see full agenda for more information. |
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September 3, 2020 |
Engagement launched |
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August 2020 |
Discussion at Stakeholder Advisory Committee (SAC) meeting To gather SAC member feedback on launch of Resource Adequacy engagement |
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January 2020 |
Planned engagement meeting postponed |
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November 2019 |
Introduction to Resource Adequacy engagement |
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