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ARTICLE · 21 FEBRUARY 2022

The IESO Seeks Stakeholder Feedback On Its Long-Term RFP

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On February 8, 2022, Ontario's Independent Electricity System Operator ("IESO") presented a webinar on its intent to launch a Request for Proposal (the "LT I RFP") to procure at least 1,000 MW in fall 2022...

CanadaEnergy and Natural Resources
Canadian Energy Perspectives
Canadian Energy Perspectives
Reena Goyal
Reena Goyal
Mitchell Lui
Mitchell Lui
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On February 8, 2022, Ontario's Independent Electricity System Operator ("IESO") presented a webinar on its intent to launch a Request for Proposal (the "LT I RFP") to procure at least 1,000 MW in fall 2022 to address multiple reliability needs. Based on a directive from the Minister of Energy, the IESO has been instructed to seek resources that can be in service between 2026 and 2028 as part of the IESO's broader Resource Adequacy Framework.

Background

The LT I RFP forms part of a broader Resource Adequacy Framework under which the IESO aims to address a capacity need in Ontario set to emerge in the mid-2020s. The forecasted capacity gap arises from a combination of factors, most notably the retirement of the Pickering nuclear plant, the refurbishment of other nuclear generating units, and expiring generation contracts for certain existing facilities.

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