Local distribution companies and generators in Ontario must address tectonic
shifts in the province’s power sector during the next decade. By 2025, a quarter
of the installed nuclear capacity in the province will retire, with additional units
cycling on and offline for refurbishment in the next 15 years. Many factors may
leave the province short on options to meet electricity demand, including the
province’s cap-and-trade program, developing federal CO2 initiatives, the recently
suspended large renewable procurements, and potential demand growth due to
carbon policy-driven electrification.
Building a solid foundation for this unprecedented portfolio of challenges
requires integrated and holistic resource planning and policy incentives that feature large-scale deployment of emerging technologies such as flexible
demand response, renewable grid- and distributed-generation, and storage.
The supply cushion the province has been accustomed to during the last
decade, accommodated by demand decline, bears the risk of lulling companies
and regulators into a false sense of security and inaction. The first nuclear
refurbishments are under way and a carbon price, along with carbon policy
measures funded by cap-and-trade regulation, start in just a month. The time is
now to start a conversation between all stakeholders and to build a sustainable
strategy for an increasingly decarbonizing Ontario.
Download your copy of this whitepaper to learn more.