Ontario's Long-Term Energy Plan - Highlights
Ontario's Long-Term Energy Plan, Building Our Clean Energy Future, sets the course for a clean energy revolution. It builds on the progress made since 2003 to create a vibrant clean energy economy that provides clean power to Ontario families, creates jobs, cleans up the air we breathe and supports innovation.
In the past year alone, over 20 manufacturing businesses have decided to invest and create jobs in Ontario, hiring our skilled workforce to build solar PV and wind turbine components. This plan will continue to boost Ontario's thriving clean energy economy and bring thousands of new jobs to the province.
The McGuinty government's Plan will ensure our homes, businesses, schools and hospitals have a clean power supply now and well into the future, by doubling investments to build new clean energy.
By adding more clean renewable sources to the system, shutting down coal, creating jobs and promoting conservation, this plan will create a brighter, healthier and more prosperous future for our children and grandchildren.
Key features of the plan include:
- Demand will grow moderately (about 15 per cent) between 2010 and 2030.
- Ontario will be coal-free by 2014. Eliminating coal-fired generation from Ontario's supply mix will account for the majority of the government's greenhouse gas reduction target by 2014. Two units at the Thunder Bay coal plant will be converted to gas and Atikokan will be converted to biomass. Two additional units at Nanticoke will be shut down in 2011.
- The government is committed to clean, reliable nuclear power remaining at approximately 50 per cent of the province's electricity supply. To do so Ontario will rebuild what it can, and replace it can't. Units at the Darlington and Bruce sites will need to be modernized and the province will need two new nuclear units at Darlington. Investing in refurbishment and extending the life of the Pickering B station until 2020 will provide good value for Ontarians.
- Ontario will continue to grow its hydroelectric capacity with a target of 9,000 MW. This will be achieved through new facilities and through significant investments to maximize the use of Ontario's existing facilities. Ontario will undergo the largest hydroelectric expansion in almost 40 years through the Niagara Tunnel and Lower Mattagami projects.
- Ontario's target for clean, renewable energy from wind, solar and bioenergy is 10,700 MW by 2018 (excluding hydroelectric) - accommodated through transmission expansion and maximizing the use of the existing system. Ontario will grow the clean energy economy through the continuation of clean energy programs like the Feed-in Tariff (FIT) and microFIT.
- Natural gas generation for peak needs will be of value where it can address local and system reliability issues. Natural gas will support the increase in renewable sources over time and supplement the modernization of nuclear generators.
- Combined Heat and Power is an energy-efficient source of power and the OPA will develop a standard offer program for projects under 20 MW.
- Ontario will proceed with five priority transmission projects needed immediately for reliability, renewable energy growth, and changing demand. Future Plans will identify more projects as they are needed.
- Ontario is a leader in conservation and the government will continue to increase and broaden its targets to 7,100 MW and reduce overall demand by 28 terawatt-hours (TWh) by 2030.
- Over the next 20 years, estimated capital investments from both private and public sectors totalling $87 billion will help ensure that Ontario has a clean, modern and reliable electricity system.
- Measures outlined in this Plan will help create and sustain jobs and investments in Ontario's growing clean energy economy.
- Residential bills are expected to rise by 3.5 per cent per year over the next 20 years. Industrial prices are expected to rise by 2.7 per cent per year over the next 20 years.
- The government is proposing an Ontario Clean Energy Benefit to give Ontario families, farms and small businesses a 10 per cent credit on their electricity bills for five years.
- To help families, Ontario will move the Time-of-Use off-peak period for electricity to 7 p.m. which will provide an additional 10 hours every week in the lowest cost period.
- Seniors and low- and middle-income Ontarians will benefit from the expanded Ontario Energy and Property Tax Credit, which will provide up to $900 back annually, and up to $1,025 for eligible seniors.