IESO Releases Near Term Reliability Outlook

June 25, 2024

Ontario’s electricity system is prepared for this summer season and is expected to have adequate supply and reserves over the next 18 months. The IESO has released its latest Reliability Outlook which assesses the reliability of Ontario’s electricity system over the near term.

Electricity demand in Ontario is projected to increase one per cent in 2024, increasing to 2.9 per cent in 2025 because of the addition of large industrial loads to the grid, increasing electrification throughout the economy and a slowing inflation rate.

During the Outlook period, the IESO will be able to call on a variety of resources to support reliability. This includes supply acquired through the annual Capacity Auction and recent procurements, such as the Oneida energy storage project, coming online. The IESO also expects to access 2,000 MW of imports from neighbouring jurisdictions, if needed.

Go HERE to view the report

Source

Related Articles

Taking a Closer Look at the Trilliant Libra Smart Meter with Steven Lupo

Taking a Closer Look at the Trilliant Libra Smart Meter with Steven Lupo

Trilliant, an international provider of utility solutions for advanced metering and smart grid systems, recently announced a custom-made product for the North American market with the release of its Trilliant Libra Series Edge-Ready Smart Electric Meter. The meter’s technology will allow utilities to enter the connectivity sphere by providing peer-to-peer data acquisition and analytics, while enabling new energy management features that benefit both customer and utility. 

Report: A Vision for Alberta’s Electricity Future

Report: A Vision for Alberta’s Electricity Future

The Energy Futures Lab, a social innovation lab based in Alberta, has recently released Leading the Charge: A Vision for Alberta’s Electricity Future. Incorporating the collective wisdom of electricity system leaders and engaged community members, the vision paints an inspiring long-term picture of the Alberta electricity landscape as we approach 2050, outlining the possibilities that shifts to the electricity system have unlocked.