The IESO, responsible for managing the provincial power supply, is set to secure 2,000 megawatts of electricity from clean sources, which include wind, solar, and hydro power. Additionally, the IESO is exploring the possibilities of reacquiring, upgrading, or expanding existing facilities to generate an additional 3,000 MW of electricity in the future.
These new power procurement efforts in Ontario aim to meet the rising energy demand driven by transit electrification and large-scale manufacturing projects, which are expected to exert greater pressure on the provincial grid.
The IESO projects a consistent growth in demand of approximately two percent per year over the next two decades. This growth has prompted the Ford government to take proactive measures to prevent potential blackouts or disruptions for both residential and commercial consumers.
This renewed commitment to renewable energy represents a significant policy shift for Premier Doug Ford, who had previously voiced strong opposition to wind turbines and pledged to dismantle all windmills in the province. In 2018, shortly after taking office, the government terminated 750 renewable energy contracts that had been signed by the previous Liberal government, incurring fees of $230 million for taxpayers.
At the time, the government cited reasons such as surplus electricity supply and increased costs for ratepayers as grounds for contract cancellations. Premier Ford expressed pride in the decision, claiming that it saved taxpayers $790 million and eliminated what he viewed as detrimental wind turbines that had negatively impacted the province's energy landscape for 15 years.
The Ontario government's new wind and solar energy procurement initiatives are scheduled to commence in 2024.