On Friday, the Independent Electricity System Operator (IESO) released a report that says an expected surge in demand over the next few years means the province
Energy Minister Todd Smith had asked the operator to explore a moratorium on new natural gas in order to reduce emissions, saying he didn’t think Ontario needed any more.
The operator says Ontario will actually need to secure up to 1,500 megawatts of new natural gas capacity between 2025 and 2027, and should also procure 2,500 megawatts of energy storage. The IESO says over time, it expects natural gas generation can be replaced by storage and other emissions-free solutions, but during a transition period, natural gas is needed to ensure the system is reliable and stable.
“Our report sets out what is needed to maintain a reliable and affordable system as demand for electricity continues to grow year-over-year,” said Lesley Gallinger, President and CEO of the IESO. “These recommendations are designed to ensure that Ontario remains a magnet for businesses looking to invest while supporting communities as they push ahead with their decarbonization plans.”
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