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ARTICLE · 11 OCTOBER 2024

Ontario Launches Large Competitive Energy Procurement: Opportunities For Renewables And Next Steps For LT2

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On August 28, the Ontario government announced the "largest competitive energy procurement in the province's history, focused on generating affordable electricity" that will leverage the second Long-Term.

CanadaEnergy and Natural Resources
John Vellone
John Vellone
Shane Freitag
Shane Freitag
Kristyn Annis
Kristyn Annis
Sarah Diebel
Sarah Diebel
Nicholas Pinsent
Nicholas Pinsent
Rob Blackstein
Rob Blackstein
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On August 28, the Ontario government announced the "largest competitive energy procurement in the province's history, focused on generating affordable electricity" that will leverage the second Long-Term Procurement (LT2) to procure up to 5,000 megawatts (MW) of energy resources by 2034, to meet the projected rise in demand.

Minister Lecce's letter to the IESO specifies as policy parameters: transparency, competitiveness, cost-effectiveness, and technology-agnostic energy resources, while prioritizing urgency and economic investment from digital services, artificial intelligence, and electric vehicle and battery manufacturers. The Minister requests the IESO to report back by Sept. 20, 2024, with options to accelerate the timeline for completion by Feb. 28, 2026.

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