Independent Electricity System Operator

The Canadian province needs to commission 5 GW of newly-built electricity generation capacity to cope with demand driven in part by electric vehicles and nuclear energy retirements.

A rapid ramping up of deployment would have little impact on the electricity price during summer, when air conditioning drives demand to its annual peak in the Canadian province, but it would bring hefty savings on the annual gas generation bill, even before carbon levies are factored in.

Ontario’s Independent Electricity System Operator will implement a pilot project for a future electricity market based on PV, storage and smart power consumption. The utility says the project will be a cheaper, more efficient alternative to expanding grid infrastructure.