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IESO 2019-21 Business Plan Approved

December 20, 2018

The IESO’s 2019-21 Business Plan was approved by the Minister of Energy, Northern Development and Mines. The Plan sets out the priorities the IESO is 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.

Core to the Plan is the IESO’s commitment to deliver on its responsibilities, while making the investments today that will result in significant benefits for both market participants and consumers over the longer term, like the Market Renewal Program, which aims to meet system and participant needs at lowest cost. 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 the IESO makes 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.

The IESO will now submit the 2019-21 Business Plan for approval by the Ontario Energy Board.

To learn more, read the Plan.

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