The Independent Electricity System Operator (IESO) recently released year end data for Ontario’s electricity system. There are sufficient resources to maintain reliability through 2019, but there is a potential need for new electricity supply in Ontario as early as 2023.
Also in the report are the following highlights:
- Total energy demand in 2018 was 4% higher than the previous year
- more than 93 percent of electricity generated in Ontario came from non-greenhouse gas emitting resources (nuclear, hydro, wind and solar)
- The weighted average wholesale price of electricity – the Hourly Ontario Energy Price (HOEP) – for 2018 was 2.43 cents/kilowatt-hour (kWh). The estimated 2018 Global Adjustment (GA) Class B rate as of January 17, 2019, was 9.07 cents/kWh. The total cost of power for Class B consumers, representing the combined effect of the HOEP and the GA, was 11.50 cents/kWh
- Ontario continued to be a net exporter, importing 8,438 GWh and exporting 18,591 GWh in 2018
http://ieso.ca/en/Corporate-IESO/Media/Year-End-Data
