New Electricity Auctions Will Drive Down Costs for Ontario’s Consumers

TORONTO, March 25, 2019 /CNW/ – The Independent Electricity System Operator (IESO) is introducing changes to Ontario’s electricity system that will help save Ontarians about $3.4 billion over a 10-year period. The changes include holding annual capacity auctions to acquire electricity resources at lowest cost that can be called upon when and where they are needed to meet Ontario electricity needs.   Today’s announcement marks the release of a high level design for future auctions, the first of which is set to be held in late 2022. “These auctions will specify how much electricity we need, and introduce a competitive process ...

Gepostet in der Kategorie Wirtschaft (Anzahl der ansichten:) 4

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