IESO Auction Secures Capacity to Help Meet Ontario's 2023-2024 Electricity Needs

TORONTO, Dec. 8, 2022 /CNW/ - Ontario's electricity grid is prepared for the next 18 months as the Independent Electricity System Operator (IESO) announced today that 1,430.6 megawatts (MW) of supply for summer 2023 and 1,160 MW for winter 2023-2024 was acquired through its annual capacity auction. This is equivalent to the electricity needed to power a city the size of Ottawa.

This year's auction received enrollments totalling more than double the megawatt target, demonstrating the diversity of options available as Ontario's electricity needs grow this decade. As demand increases - coupled with pressure on supply due to nuclear refurbishments - the annual auction provides the flexibility needed to balance supply and demand over the near term.

"As Ontario's electricity needs evolve, the auction enables us to respond to changing system conditions efficiently and transparently" said Lesley Gallinger, IESO President and CEO. "Over time, enhancements to the auction have attracted a broad mix of participants, allowing us to procure more capacity each year - improving grid reliability and affordability" she continued.

The auction continues to attract a high degree of interest and competition among potential capacity providers. Two thirds of successful participants were medium-sized and large industrial and commercial consumers that are capable of reducing their demand for electricity as required. In addition to creating a new revenue stream for businesses, the auction also enables participants to contribute to the reliability, affordability and sustainability of Ontario's power system.

As outlined in the IESO's 2022 Annual Acquisition Report, auction targets increased for both the summer and winter obligation periods compared to last year to prepare for the province's upcoming needs. The auction is part of a multi-pronged approach to meeting Ontario's electricity needs, which also includes longer-term procurements that are underway and enhanced energy-efficiency programming.

The full list of this year's successful participants are as follows:

Capacity Auction Participants with a Summer Obligation

Capacity Auction Participants	Resource Type	Total Capacity (MW)
AIR LIQUIDE CANADA INC.	Capacity Dispatchable Load Resource	18
ALECTRA MICROGRID SERVICES PROJECT (LNR) LP	Virtual Hourly Demand Response	9
ALGOMA STEEL INC.	Physical Hourly Demand Response	40
AMHIL ENTERPRISES	Capacity Dispatchable Load Resource	1
ARAUCO CANADA LIMITED	Physical Hourly Demand Response	10
ARCELORMITTAL DOFASCO G.P.	Capacity Dispatchable Load Resource	60
	Physical Hourly Demand Response	48
ATLANTIC POWER LIMITED PARTNERSHIP	Capacity Generation Resource	20
AV TERRACE BAY INC.	Physical Hourly Demand Response	8
AYPA POWER CANADA LP	Virtual Hourly Demand Response	30.6
BIOVELD CANADA INC.	Capacity Dispatchable Load Resource	20
BROOKFIELD RENEWABLE TRADING AND MARKETING LP	Generator Backed Import	72.8
BRUCE POWER INC.	Capacity Dispatchable Load Resource	2.7
DEMAND POWER GROUP INC.	Virtual Hourly Demand Response	2.6
EDGECOM ENERGY INC.	Virtual Hourly Demand Response	32.8
ENEL X CANADA LTD.	Virtual Hourly Demand Response	162.3
EN-POWERED INC.	Virtual Hourly Demand Response	6.6
ESSEX ENERGY CORPORATION	Capacity Generation Resource	2
GC PROJECT LP	Virtual Hourly Demand Response	18.1
GREAT CIRCLE POWER CORPORATION	Virtual Hourly Demand Response	19
GREAT LAKES COPPER LTD	Capacity Dispatchable Load Resource	2.9
HCE ENERGY INC.	Virtual Hourly Demand Response	2
HQ ENERGY MARKETING INC.	System Backed Import	150
ICE RIVER SPRINGS WATER CO. INC.	Capacity Dispatchable Load Resource	1.1
IROQUOIS FALLS POWER CORP.	Capacity Generation Resource	103
IVACO ROLLING MILLS 2004 L.P.	Capacity Dispatchable Load Resource	25
KAP POWER CORP	Capacity Generation Resource	19
KINGSTON COGEN LIMITED PARTNERSHIP	Capacity Generation Resource	101
LEHIGH HANSON MATERIALS LIMITED	Physical Hourly Demand Response	18
MCEWEN MINING INC.	Virtual Hourly Demand Response	4.3
NEW GOLD INC.	Physical Hourly Demand Response	22
ONTARIO POWER GENERATION INC.	Virtual Hourly Demand Response	3.8
POWIN ENERGY ONTARIO STORAGE II, LP	Capacity Storage Resource	6
PROCTER & GAMBLE INC.	Capacity Dispatchable Load Resource	4.5
RODAN ENERGY SOLUTIONS INC	Virtual Hourly Demand Response	280.6
SAULT STE MARIE ENERGY STORAGE LP	Capacity Storage Resource	1.7
SOBEYS CAPITAL INCORPORATED	Virtual Hourly Demand Response	4.2
STELCO INC.	Virtual Hourly Demand Response	21
STEM ENERGY CANADA INC.	Virtual Hourly Demand Response	3.4
UNIVERSITY OF GUELPH	Virtual Hourly Demand Response	3.6
VOLTUS ENERGY CANADA LTD	Virtual Hourly Demand Response	70
	TOTAL	1430.6

Capacity Auction Participants with a Winter Obligation

Capacity Auction Participants	Resource Type	Total Capacity (MW)
AIR LIQUIDE CANADA INC.	Capacity Dispatchable Load Resource	18
ALECTRA MICROGRID SERVICES PROJECT (LNR) LP	Virtual Hourly Demand Response	6.5
AMHIL ENTERPRISES	Capacity Dispatchable Load Resource	1
ARAUCO CANADA LIMITED	Physical Hourly Demand Response	11
ARCELORMITTAL DOFASCO G.P.	Capacity Dispatchable Load Resource	60
	Physical Hourly Demand Response	48
ATLANTIC POWER LIMITED PARTNERSHIP	Capacity Generation Resource	22
AV TERRACE BAY INC.	Physical Hourly Demand Response	8
AYPA POWER CANADA LP	Virtual Hourly Demand Response	30.6
BAY POWER CORP	Capacity Generation Resource	35
BIOVELD CANADA INC.	Capacity Dispatchable Load Resource	20
BRUCE POWER INC.	Capacity Dispatchable Load Resource	2.7
DEMAND POWER GROUP INC.	Virtual Hourly Demand Response	2.6
EDGECOM ENERGY INC.	Virtual Hourly Demand Response	34
ENEL X CANADA LTD.	Virtual Hourly Demand Response	145.2
EN-POWERED INC.	Virtual Hourly Demand Response	26.5
ESSEX ENERGY CORPORATION	Capacity Generation Resource	2
GC PROJECT LP	Virtual Hourly Demand Response	15.5
GREAT CIRCLE POWER CORPORATION	Virtual Hourly Demand Response	19
GREAT LAKES COPPER LTD	Capacity Dispatchable Load Resource	2.9
HCE ENERGY INC.	Virtual Hourly Demand Response	2
HQ ENERGY MARKETING INC.	System Backed Import	17
ICE RIVER SPRINGS WATER CO. INC.	Capacity Dispatchable Load Resource	1.1
IROQUOIS FALLS POWER CORP.	Capacity Generation Resource	116
IVACO ROLLING MILLS 2004 L.P.	Capacity Dispatchable Load Resource	25
KAP POWER CORP	Capacity Generation Resource	35
KINGSTON COGEN LIMITED PARTNERSHIP	Capacity Generation Resource	110
LEHIGH HANSON MATERIALS LIMITED	Physical Hourly Demand Response	17
MCEWEN MINING INC.	Virtual Hourly Demand Response	4.3
MCMASTER UNIVERSITY	Physical Hourly Demand Response	8
ONTARIO POWER GENERATION INC.	Virtual Hourly Demand Response	3.8
POWIN ENERGY ONTARIO STORAGE II, LP	Capacity Storage Resource	6
PROCTER & GAMBLE INC.	Capacity Dispatchable Load Resource	4.5
RODAN ENERGY SOLUTIONS INC	Virtual Hourly Demand Response	201.6
SAULT STE MARIE ENERGY STORAGE LP	Capacity Storage Resource	1.7
SOBEYS CAPITAL INCORPORATED	Virtual Hourly Demand Response	3.7
STELCO INC.	Virtual Hourly Demand Response	21
STEM ENERGY CANADA INC.	Virtual Hourly Demand Response	3.4
UNIVERSITY OF GUELPH	Virtual Hourly Demand Response	1
VOLTUS ENERGY CANADA LTD	Virtual Hourly Demand Response	63.4
WESDOME GOLD MINES LTD.	Physical Hourly Demand Response	4
	TOTAL	1160

About the Independent Electricity System Operator (IESO):

The IESO operates Ontario's power grid 24 hours a day, 365 days a year, ensuring Ontarians receive a reliable and cost-effective source of power when and where they need it. It works with sector partners and engages with communities across Ontario to plan and prepare for the province's electricity needs now and into the future.

SOURCE Independent Electricity System Operator

IESO Media Contact: 416-506-2823, [email protected]