07/04/2022

Ontario stops buying renewable energy

The Government of Ontario has announced it is to “immediately suspend” the second phase of its Large Renewable Procurement (LRP II) process and its Energy-from-Waste Standard Offer Program.

The decision will result in halting the procurement of more than 1,000 megawatts in solar, hydroelectric, wind, bio energy and energy from waste projects, the government said in a news release Tuesday.

The decision, the government announced, is set to save as much as 3.8 billion Canadian dollars ($2.87 billion) in electricity costs, relative to the province’s 2013 Long Term Energy Plan forecast.

No additional greenhouse gases would be added to the grid, while consumers could save an average of around 2.45 Canadian dollars per month on their electricity bills, “relative to previous forecasts,” the government said.

“Over the course of the last decade, Ontario has rebuilt our electricity system and secured a strong supply of clean power,” Glenn Thibeault, Ontario’s minister of energy, said in a statement. “Our decision to suspend these procurements is not one we take lightly,” he added.

“This decision will both maintain system reliability and save up to $3.8 billion in electricity system costs relative to the 2013 LTEP forecast. The typical residential electricity consumer would save an average of approximately $2.45 per month on their electricity bill, relative to previous forecasts.”

A new Long-Term Energy Plan – due to be released next year – would be developed, the government said, and Ontario would remain “committed to an affordable, clean and reliable electricity system, including renewables.”

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