"This plan reflects what we heard from thousands of people
and dozens of organizations across the province" - Bob
Chiarelli, Minister of Energy.
Minister of Energy, Bob Chiarelli, released Ontario's new
Long Term Energy Plan (the "Plan") on December 2. The
Plan, entitled Achieving Balance, provides a blueprint for
attaining clean, reliable and affordable energy in the province.
According to Chiarelli, the Plan is focused on conservation and
addresses regional needs. The plan is motivated by the balancing of
five principles: cost-effectiveness, clean energy, reliability,
community engagement, and an emphasis on conservation/demand
management before building new generation.
Nuclear energy will continue to be the largest generator of
Ontario's electricity, but is expected to fall from 55% to 47%
with adherence to the Plan. Nuclear refurbishment at Bruce Nuclear
Generating Station and Darlington Generating Station are projected
to begin in 2016, and Pickering Nuclear Generating Station is to be
maintained until 2020. However, there will be no new nuclear
facilities. The Plan also extends the phasing-in of solar, wind,
and bioenergy from 2018 until 2021. The goal is to procure 300
megawatts of wind, 140 megawatts of solar, and 50 megawatts of
bioenergy for each of 2014 and 2015 so that 50% of Ontario's
installed generating capacity will be derived from a renewable
source by 2025. Moreover, there will be a new competitive
procurement process for renewable projects larger than 500
It is forecasted that the Plan will reduce projected cost
increases by $16 billion from 2013-2017 and $70 billion until 2030.
This does not amount to a reduction in costs. While the Plan
anticipates electricity rates that are lower than those described
in the 2010 Long Term Energy Plan, Ontario homeowners and
businesses will still experience a rise in their electricity rates
over the next three years. Financing tools will be used to
encourage consumers to retrofit their homes.
Demand Response programs will be expanded in order to achieve a
10% reduction in peak demand by 2025. The total conservation
targets, however, have not drastically changed when considered in
combination with other types of conservation.
Ontarians will be kept updated on supply/demand conditions,
forecasts, and achievements through an annual Ontario Energy
Report. There will also be a greater reliance on regional support
such as partnerships with municipal and local communities; this may
affect the approval of large wind projects.
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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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