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ARTICLE · 06 NOVEMBER 2024

Ontario Charts Its Energy Planning Future With Bill 214

Blake, Cassels & Graydon LLP
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On October 23, 2024, the Ontario government introduced amendments in Bill 214: Affordable Energy Act, 2024 to support its updated electricity resource development and investment policy.

CanadaEnergy and Natural Resources

On October 23, 2024, the Ontario government introduced amendments in Bill 214: Affordable Energy Act, 2024 to support its updated electricity resource development and investment policy. The Ministry of Energy and Electrification (Ministry) published the latest version of this policy — Ontario's Affordable Energy Future: The Pressing Case for More Power — on October 29.

Consistent with its July 2023 Powering Ontario's Growth plan, the government continues to take an "all-of-the-above" approach to energy planning to meet significant increases in forecasted electricity demand in the coming decades. Focus areas include large-scale nuclear refurbishments and new builds, small modular reactor development, hydroelectricity, storage, energy efficiency programs, transmission expansions and continued use of natural gas in the near term.

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