Reliable: An electricity system that can generate, Predictable: An electricity system guided by a transmit, and distribute the necessary power to predictable, transparent, and consultative policy facilities operating in the province now and in the approach that balances the differing needs of its future. [...] but will reduce cost, risk, and timelines in the end.” Building out the generation, transmission, storage, and distribution resources required to meet the growing electricity demands of the future will require engaging Clean Energy Canada / Reliable, Affordable, Predictable, Clean: Industry electricity needs for certainty and investment in Ontario 9 6 Lack of policy certainty and direction for 7 I. [...] Evaluate the current mandates of system actors to enable new tools and technology options, including the Ontario Energy Board, IESO, Ministry for Energy and Electrification, and local distribution companies to ensure a collaborative and coordinated governance framework that can manage the cost effective deployment of resources and modernization of the grid. [...] 12 Clean Energy Canada / Reliable, Affordable, Predictable, Clean: Industry electricity needs for certainty and investment in Ontario 4 Transparency and predictability should be prioritized in structural reforms In order for the electricity system in Ontario to modernize and expand as efficiently and cost-effectively as possible, greater transparency and predictability need to be prioritized in al. [...] Clean Energy Canada / Reliable, Affordable, Predictable, Clean: Industry electricity needs for certainty and investment in Ontario 13 Conclusion As Ontario stands at the threshold of a transformative era in energy, the insights and consensus drawn from this industry dialogue and extensive stakeholder engagements underscore the critical need for proactive and strategic energy planning and buildout.
- Pages
- 20
- Published in
- Canada
Table of Contents
- Ontario industry supports an ambitious plan to deliver a fit for purpose electricity grid in a world increasingly relying on electricity as the low-carbon backbone of a clean economy. 5
- Executive Summary 5
- Introduction 7
- ENERGY TRANSITION 9
- Ontario industry needs and ambitious plan to deliver a fit for purpose electricity grid in a world increasingly relying on electricity as the low-carbon backbone of a clean economy. 10
- Outcomes for Ontarios Energy Planning 10
- Key Stakeholder Challenges 12
- Uncertainty regarding the long-term reliability of the electricity system 12
- A lack of transparency regarding decision making 13
- The increasing emissions intensity of the electricity grid 13
- A lack of stakeholder engagement creating avoidable risks 13
- Uncompetitive energy pricing structures 13
- Lack of policy certainty and direction for the economy 14
- Indigenous rights holders need to be effective participants and collaborators in the energy transition 14
- Six Priorities for the Future of Ontarios Electricity System 15
- Complex change requires a goal and interim steps 15
- Proactive buildout of the clean electricity grid is required in anticipation of growing demand 16
- A customer-centric and modernized electricity grid must be deliberately incentivized 16
- Transparency and predictability should be prioritized in structural reforms 17
- De-risking projects has intrinsic value 17
- Trust respect and reciprocity with Indigenous must be centred 17
- Conclusion 18
- Endnotes 19
