News

Ontario suspends LRP II

By ReNew Canada 08:56AM September 27, 2016

419


0


Read Later

Ontario will immediately suspend the second round of its Large Renewable Procurement (LRP II) process and the Energy-from-Waste Standard Offer Program, halting procurement of over 1,000 megawatts (MW) of solar, wind, hydroelectric, bioenergy and energy from waste projects.

This decision is expected to save up to $3.8 billion in electricity system costs relative to Ontario’s 2013 Long-Term Energy Plan (LTEP) forecast. This would save the typical residential electricity consumer an average of approximately $2.45 per month on their electricity bill, relative to previous forecasts. No additional greenhouse gas emissions are being added to the electricity grid.

“Our decision to suspend these procurements is not one we take lightly,” said Glenn Thibeault, minister of energy. “This decision will both maintain system reliability and save up to $3.8 billion in electricity system costs relative to the 2013 LTEP forecast. The typical residential electricity consumer would save an average of approximately $2.45 per month on their electricity bill, relative to previous forecasts. As we prepare for a renewed LTEP, we will continue to plan for our future and ensure Ontario benefits from clean, reliable and affordable power for decades to come.”

On September 1, 2016, the Independent Electricity System Operator (IESO) provided the Minister of Energy with the Ontario Planning Outlook, an independent report analyzing a variety of planning scenarios for the future of Ontario’s energy system. The IESO has advised that Ontario will benefit from a robust supply of electricity over the coming decade to meet projected demand.

Informed by the Ontario Planning Outlook, consultations and engagements will begin this fall with consumers, businesses, energy stakeholders and Indigenous partners regarding the development of a new Long-Term Energy Plan, which is scheduled to be released in 2017.

Suggested News Articles

National, News, Northern CanadaNov. 14, 2018
Read Later

Canada, NWT invest in Inuvik wind project

Federal and territorial officials joined Inuvik mayor Natasha Kulikowski to announce $40 million in funding for the Inuvik Wind Generation project. This is the first project under the Government of…
Atlantic Canada, NewsNov. 13, 2018
Read Later

New Brunswick welcomes new cabinet

Blaine Higgs, the 34th Premier of New Brunswick, has named his new Executive Council. Here are the key appointments impacting infrastructure development in the province: Bill Oliver has been named…
News, OntarioNov. 06, 2018
Read Later

Ontario to conduct infrastructure Market Sounding Initiative

The Government of Ontario has announced it will conduct a Market Sounding Initiative in an effort to ensure that infrastructure built in the province meets the highest possible standards. Minister…

Comments

0