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IESO Auction Secures Capacity to Help Meet Ontario’s 2023-2024 Electricity Needs
IESO Auction Secures Capacity to Help Meet Ontario’s 2023-2024 Electricity Needs
Canada NewsWire
TORONTO, Dec. 8, 2022
TORONTO, Dec. 8, 2022 /CNW/ – Ontario’s electricity grid is prepared for the next 18 months as the Independent Electricity System…
IESO Auction Secures Capacity to Help Meet Ontario’s 2023-2024 Electricity Needs
Canada NewsWire
TORONTO, Dec. 8, 2022
TORONTO, Dec. 8, 2022 /CNW/ – Ontario’s electricity grid is prepared for the next 18 months as the Independent Electricity System Operator (IESO) announced today that 1,430.6 megawatts (MW) of supply for summer 2023 and 1,160 MW for winter 2023-2024 was acquired through its annual capacity auction. This is equivalent to the electricity needed to power a city the size of Ottawa.
This year’s auction received enrollments totalling more than double the megawatt target, demonstrating the diversity of options available as Ontario’s electricity needs grow this decade. As demand increases – coupled with pressure on supply due to nuclear refurbishments – the annual auction provides the flexibility needed to balance supply and demand over the near term.
“As Ontario’s electricity needs evolve, the auction enables us to respond to changing system conditions efficiently and transparently” said Lesley Gallinger, IESO President and CEO. “Over time, enhancements to the auction have attracted a broad mix of participants, allowing us to procure more capacity each year – improving grid reliability and affordability” she continued.
The auction continues to attract a high degree of interest and competition among potential capacity providers. Two thirds of successful participants were medium-sized and large industrial and commercial consumers that are capable of reducing their demand for electricity as required. In addition to creating a new revenue stream for businesses, the auction also enables participants to contribute to the reliability, affordability and sustainability of Ontario’s power system.
As outlined in the IESO’s 2022 Annual Acquisition Report, auction targets increased for both the summer and winter obligation periods compared to last year to prepare for the province’s upcoming needs. The auction is part of a multi-pronged approach to meeting Ontario’s electricity needs, which also includes longer-term procurements that are underway and enhanced energy-efficiency programming.
The full list of this year’s successful participants are as follows:
Capacity Auction Participants with a Summer Obligation
|
Capacity Auction Participants |
Resource Type |
Total |
|
AIR LIQUIDE CANADA INC. |
Capacity Dispatchable Load Resource |
18 |
|
ALECTRA MICROGRID SERVICES PROJECT (LNR) LP |
Virtual Hourly Demand Response |
9 |
|
ALGOMA STEEL INC. |
Physical Hourly Demand Response |
40 |
|
AMHIL ENTERPRISES |
Capacity Dispatchable Load Resource |
1 |
|
ARAUCO CANADA LIMITED |
Physical Hourly Demand Response |
10 |
|
ARCELORMITTAL DOFASCO G.P. |
Capacity Dispatchable Load Resource |
60 |
|
Physical Hourly Demand Response |
48 |
|
|
ATLANTIC POWER LIMITED PARTNERSHIP |
Capacity Generation Resource |
20 |
|
AV TERRACE BAY INC. |
Physical Hourly Demand Response |
8 |
|
AYPA POWER CANADA LP |
Virtual Hourly Demand Response |
30.6 |
|
BIOVELD CANADA INC. |
Capacity Dispatchable Load Resource |
20 |
|
BROOKFIELD RENEWABLE TRADING AND MARKETING LP |
Generator Backed Import |
72.8 |
|
BRUCE POWER INC. |
Capacity Dispatchable Load Resource |
2.7 |
|
DEMAND POWER GROUP INC. |
Virtual Hourly Demand Response |
2.6 |
|
EDGECOM ENERGY INC. |
Virtual Hourly Demand Response |
32.8 |
|
ENEL X CANADA LTD. |
Virtual Hourly Demand Response |
162.3 |
|
EN-POWERED INC. |
Virtual Hourly Demand Response |
6.6 |
|
ESSEX ENERGY CORPORATION |
Capacity Generation Resource |
2 |
|
GC PROJECT LP |
Virtual Hourly Demand Response |
18.1 |
|
GREAT CIRCLE POWER CORPORATION |
Virtual Hourly Demand Response |
19 |
|
GREAT LAKES COPPER LTD |
Capacity Dispatchable Load Resource |
2.9 |
|
HCE ENERGY INC. |
Virtual Hourly Demand Response |
2 |
|
HQ ENERGY MARKETING INC. |
System Backed Import |
150 |
|
ICE RIVER SPRINGS WATER CO. INC. |
Capacity Dispatchable Load Resource |
1.1 |
|
IROQUOIS FALLS POWER CORP. |
Capacity Generation Resource |
103 |
|
IVACO ROLLING MILLS 2004 L.P. |
Capacity Dispatchable Load Resource |
25 |
|
KAP POWER CORP |
Capacity Generation Resource |
19 |
|
KINGSTON COGEN LIMITED PARTNERSHIP |
Capacity Generation Resource |
101 |
|
LEHIGH HANSON MATERIALS LIMITED |
Physical Hourly Demand Response |
18 |
|
MCEWEN MINING INC. |
Virtual Hourly Demand Response |
4.3 |
|
NEW GOLD INC. |
Physical Hourly Demand Response |
22 |
|
ONTARIO POWER GENERATION INC. |
Virtual Hourly Demand Response |
3.8 |
|
POWIN ENERGY ONTARIO STORAGE II, LP |
Capacity Storage Resource |
6 |
|
PROCTER & GAMBLE INC. |
Capacity Dispatchable Load Resource |
4.5 |
|
RODAN ENERGY SOLUTIONS INC |
Virtual Hourly Demand Response |
280.6 |
|
SAULT STE MARIE ENERGY STORAGE LP |
Capacity Storage Resource |
1.7 |
|
SOBEYS CAPITAL INCORPORATED |
Virtual Hourly Demand Response |
4.2 |
|
STELCO INC. |
Virtual Hourly Demand Response |
21 |
|
STEM ENERGY CANADA INC. |
Virtual Hourly Demand Response |
3.4 |
|
UNIVERSITY OF GUELPH |
Virtual Hourly Demand Response |
3.6 |
|
VOLTUS ENERGY CANADA LTD |
Virtual Hourly Demand Response |
70 |
|
TOTAL |
1430.6 |
Capacity Auction Participants with a Winter Obligation
|
Capacity Auction Participants |
Resource Type |
Total (MW) |
|
AIR LIQUIDE CANADA INC. |
Capacity Dispatchable Load Resource |
18 |
|
ALECTRA MICROGRID SERVICES PROJECT (LNR) LP |
Virtual Hourly Demand Response |
6.5 |
|
AMHIL ENTERPRISES |
Capacity Dispatchable Load Resource |
1 |
|
ARAUCO CANADA LIMITED |
Physical Hourly Demand Response |
11 |
|
ARCELORMITTAL DOFASCO G.P. |
Capacity Dispatchable Load Resource |
60 |
|
Physical Hourly Demand Response |
48 |
|
|
ATLANTIC POWER LIMITED PARTNERSHIP |
Capacity Generation Resource |
22 |
|
AV TERRACE BAY INC. |
Physical Hourly Demand Response |
8 |
|
AYPA POWER CANADA LP |
Virtual Hourly Demand Response |
30.6 |
|
BAY POWER CORP |
Capacity Generation Resource |
35 |
|
BIOVELD CANADA INC. |
Capacity Dispatchable Load Resource |
20 |
|
BRUCE POWER INC. |
Capacity Dispatchable Load Resource |
2.7 |
|
DEMAND POWER GROUP INC. |
Virtual Hourly Demand Response |
2.6 |
|
EDGECOM ENERGY INC. |
Virtual Hourly Demand Response |
34 |
|
ENEL X CANADA LTD. |
Virtual Hourly Demand Response |
145.2 |
|
EN-POWERED INC. |
Virtual Hourly Demand Response |
26.5 |
|
ESSEX ENERGY CORPORATION |
Capacity Generation Resource |
2 |
|
GC PROJECT LP |
Virtual Hourly Demand Response |
15.5 |
|
GREAT CIRCLE POWER CORPORATION |
Virtual Hourly Demand Response |
19 |
|
GREAT LAKES COPPER LTD |
Capacity Dispatchable Load Resource |
2.9 |
|
HCE ENERGY INC. |
Virtual Hourly Demand Response |
2 |
|
HQ ENERGY MARKETING INC. |
System Backed Import |
17 |
|
ICE RIVER SPRINGS WATER CO. INC. |
Capacity Dispatchable Load Resource |
1.1 |
|
IROQUOIS FALLS POWER CORP. |
Capacity Generation Resource |
116 |
|
IVACO ROLLING MILLS 2004 L.P. |
Capacity Dispatchable Load Resource |
25 |
|
KAP POWER CORP |
Capacity Generation Resource |
35 |
|
KINGSTON COGEN LIMITED PARTNERSHIP |
Capacity Generation Resource |
110 |
|
LEHIGH HANSON MATERIALS LIMITED |
Physical Hourly Demand Response |
17 |
|
MCEWEN MINING INC. |
Virtual Hourly Demand Response |
4.3 |
|
MCMASTER UNIVERSITY |
Physical Hourly Demand Response |
8 |
|
ONTARIO POWER GENERATION INC. |
Virtual Hourly Demand Response |
3.8 |
|
POWIN ENERGY ONTARIO STORAGE II, LP |
Capacity Storage Resource |
6 |
|
PROCTER & GAMBLE INC. |
Capacity Dispatchable Load Resource |
4.5 |
|
RODAN ENERGY SOLUTIONS INC |
Virtual Hourly Demand Response |
201.6 |
|
SAULT STE MARIE ENERGY STORAGE LP |
Capacity Storage Resource |
1.7 |
|
SOBEYS CAPITAL INCORPORATED |
Virtual Hourly Demand Response |
3.7 |
|
STELCO INC. |
Virtual Hourly Demand Response |
21 |
|
STEM ENERGY CANADA INC. |
Virtual Hourly Demand Response |
3.4 |
|
UNIVERSITY OF GUELPH |
Virtual Hourly Demand Response |
1 |
|
VOLTUS ENERGY CANADA LTD |
Virtual Hourly Demand Response |
63.4 |
|
WESDOME GOLD MINES LTD. |
Physical Hourly Demand Response |
4 |
|
TOTAL |
1160 |
The IESO operates Ontario’s power grid 24 hours a day, 365 days a year, ensuring Ontarians receive a reliable and cost-effective source of power when and where they need it. It works with sector partners and engages with communities across Ontario to plan and prepare for the province’s electricity needs now and into the future.
SOURCE Independent Electricity System Operator
acquisition
tsx-mux
mcewen-mining-inc
mcewen mining inc
tsx-ngd
new-gold-inc
new gold inc
tsx-wdo
wesdome-gold-mines-ltd
wesdome gold mines ltd
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