TORONTO, June 19, 2014 /CNW/ - Ontario electricity users can expect an
adequate supply of power this summer, the Independent Electricity
System Operator (IESO) said in its latest 18-Month Outlook.
The Outlook, which covers the period June 2014 - November 2015,
forecasts adequate supply levels and reliable transmission service
throughout that timeframe. Approximately 3,500 megawatts of new
generation capacity is forecast to come online over the reporting
period, comprising wind, solar, hydroelectric and biomass generating
units. This new generation includes a 142 MW biomass unit at the
Thunder Bay Generating Station, where the last coal stores in the
province were burned in April.
Despite population and economic growth, demand on the bulk electricity
grid is expected to remain flat in 2014 before declining in 2015. This
is largely due to rising levels of smaller generation projects embedded
in the low voltage systems owned by local distribution companies. This
local generation along with increased conservation and demand response
has a significant downward impact on grid-supplied electricity.
In Ontario, demand response is allowing consumers to play a bigger role
in the electricity marketplace. Mechanisms such as the Industrial
Conservation Initiative, time-of-use prices, market-based demand
response and Demand Response 3 (DR3), incent businesses and consumers
to reduce power consumption at peak times.
As of June 1, the IESO has the ability to activate DR3 based on price
signals - a change that is expected to result in this resource being
used when it's needed most - particularly in the summer months. DR3
resources will now be triggered when they are the most
"Demand Response will be playing an important role in helping us balance
the system," said Bruce Campbell, President and Chief Executive Officer
of the IESO. "Last year, we saw consumers reduce their demand by
roughly 1,200 MW over the summer peaks. This makes a significant
contribution to reliability and helps lower costs. We are actively
looking at ways to expand demand response opportunities in Ontario."
The IESO regularly assesses the adequacy and reliability of Ontario's
power system. The 18-Month Outlook is issued on a quarterly basis and
is available at: www.ieso.ca/Documents/marketReports/18MonthOutlook_2014jun.pdf
SOURCE: Independent Electricity System Operator
For further information:
Independent Electricity System Operator