On April 23, 2020, the Independent Electricity System Operator
("IESO") held a webinar on the impact of
COVID-19 on Ontario's electricity system. Two key themes that
emerged from the presentation and discussion were the impacts on
demand for electricity following the implementation of
Ontario's COVID-19 isolation measures and the uncertainty that
the COVID-19 crisis and related economic impacts has created in
forecasting demand over the coming years.
This energy law update is intended as general guidance only. If
you have specific questions or concerns, please contact Stephen Furlan or Seán O'Neill. We would be pleased
to assist you.
Impact of the Lockdown on Energy Demand
Top-line numbers show a demand reduction of 800 to 3,000 MW
across all hours, equivalent to a reduction of 6% to 18% of typical
demand. Peak demand is down 10% to 15%, and overall consumption is
down 10% to 12%.
