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ARTICLE · 19 DECEMBER 2024

Update To The IESO's Long-Term 2 Request For Proposals Draft: Timelines And Next Steps

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The Independent Electricity System Operator (IESO) continues to update and revise its Long-Term 2 Request for Proposals (LT2)...

CanadaEnergy and Natural Resources
Huw Evans
Huw Evans
Daniel Gralnick
Daniel Gralnick
Ian T. D. Thomson
Ian T. D. Thomson
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The Independent Electricity System Operator (IESO) continues to update and revise its Long-Term 2 Request for Proposals (LT2), which aims to procure new build electricity generation facilities larger than 1MW to meet Ontario's long-term energy needs, and new build electricity generation and storage resources greater than 1MW to meet long term capacity needs. During a stakeholder engagement presentation on December 12, 2024 pertaining to the LT2, IESO provided updates that prospective proponents should be aware of. These updates include forthcoming substantive changes to procurement materials, as well visibility with respect to procurement milestones and timing. The highlights from the stakeholder engagement session are summarized as follows.

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