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ARTICLE · 10 APRIL 2023

An Update On The IESO's LT1 RFP In Ontario

McCarthy Tétrault
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As part of the IESO's engagement on the Long Term RFP, the IESO hosted a webinar today regarding the LT1 RFP. Consistent with previous announcements, the IESO currently anticipates that it will procure 2,200 MW...

CanadaEnergy and Natural Resources
Canadian Energy Perspectives
Canadian Energy Perspectives
Kerri Lui
Kerri Lui
Reena Goyal
Reena Goyal
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As part of the IESO's engagement on the Long Term RFP, the IESO hosted a webinar today regarding the LT1 RFP. Consistent with previous announcements, the IESO currently anticipates that it will procure 2,200 MW of capacity under the LT1 RFP (of which 1,600 MW is expected to be storage) and that the LT1 Contracts will have a 20 year term. The IESO outlined the following expected timelines for the LT1 RFP:

2023

  • March – Launch of LT1 RFP
  • Mid-April – Deliverability Test Report
  • May – Issuance of Draft LT1 RFP and Contract
  • Mid-May – Updated Deliverability Guidance Document (including changes to test assumptions and locational preference considerations)
  • July - Preliminary Deliverability Test

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