On December 2, 2013, Ontario's Ministry of Energy released
its new Long-Term Energy Plan, Achieving Balance (the
Plan or Achieving Balance). The Plan
balances five principles that will guide future decisions: cost
effectiveness, reliability, clean energy, community engagement, and
an emphasis on conservation and demand management before building
new generation. Compared to the previous plan, the government
states that Achieving Balance is expected to reduce
projected cost increases by $16 billion in the near term
(2013-2017), and $70 billion by 2030.
Stikeman Elliott LLP will conduct a comprehensive analysis of
Achieving Balance in the near future. For now, the
following are key highlights of the Plan, as outlined by the
Ministry of Energy:
decreasing the need for new supply by implementing conservation
programs and standards to offset most growth in electricity demand
over the next 20 years;
lowering costs for consumers;
expanding demand response programs;
making new financial tools available to consumers starting in
2015, including programs to incent energy efficient retrofits to
moving ahead with nuclear refurbishment at both Darlington and
Bruce Generating Stations, beginning in 2016;
extending the phasing-in of wind, solar and bioenergy for 3
more years than estimated in the previous plan, with 10,700
megawatts online by 2021. By 2025 about half of Ontario's
installed generating capacity will come from renewable
developing a new competitive procurement process with the
Ontario Power Authority for future renewable projects larger than
continuing to encourage First Nation and Métis
participation in transmission and renewable energy projects;
issuing an annual Ontario Energy Report to update Ontarians on
changing supply and demand conditions, and to outline the progress
to date on the Plan.
Canada is a constitutional monarchy, a parliamentary democracy and a federation comprised of ten provinces and three territories. Canada's judiciary is independent of the legislative and executive branches of Government.
The Government of Alberta recently announced a number of policy changes that will impact the Alberta Electricity Market, composed of its generators, transmitters, distributors, retailers, electricity consumers and wholesale electricity market.
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