Update on Expedited Long-Term RFP, Same Tech Upgrades and Medium-Term 1 RFP
September 21, 2023
The IESO has now formally concluded the Expedited Long-Term RFP (E-LT1 RFP) and Same Technology Upgrades Solicitation. As part of the IESO’s commitment to transparency, detailed results, including contract prices for the E-LT1 RFP and the weighted average price for the Same Technology Upgrades, have now been posted, along with the Independent Fairness Advisor’s Report for the E-LT1.
Together these two mechanisms acquired roughly 1,385 MW of new capacity from new battery storage projects and existing natural gas facilities to help meet system needs in the near and long term. These procurements strike the right balance between ensuring system reliability and setting the stage for the ongoing energy transformation. Natural gas is needed as a transitional resource to help maintain reliability as Ontario grows its storage fleet, providing operational flexibility to Ontario’s power system until replacement technologies are available.
Contract prices for the first Medium-Term RFP, which concluded September 21, 2022, have also been posted.
See the Long-Term and Medium-Term RFP pages for more information.