The IESOs Annual Planning Outlook in Six Graphs
January 22, 2020
The IESO released its first Annual Planning Outlook, a 20-year outlook for Ontario’s electricity system.
Ontario is in a stable supply situation after years of investment in new generation. There are enough existing and available resources to meet our needs for the next decade. This puts us in a position to focus on increasing the cost-effectiveness of the electricity system by introducing more competition and stimulating innovation.
New commitments for existing and available resources will be needed starting in 2023 as these generation contracts expire and nuclear refurbishments get underway. Capacity auctions will provide a platform for these resources to compete to meet Ontario electricity needs at lowest cost. Energy efficiency can also be a cost-effective way to address targeted system needs.