Energy & Power
Ontario and Newfoundland to evaluate electricity trade opportunities
July 21, 2015 ByRenée Francoeur
July 21, 2015 – Ontario has pledged to “explore opportunities” for importing electricity from Newfoundland and Labrador, according to the provincial governments.
This announcement—made at the 2015 Energy and Mines Ministers’ Conference in Halifax—follows the Council of the Federation’s recent agreement on the Canadian Energy Strategy.
“We will discuss opportunities, through the development of the Lower Churchill Project in Labrador and other options, to bring Newfoundland and Labrador’s surplus hydroelectricity to Ontario and contribute significantly to Ontario’s clean energy needs,” said Derrick Dalley, Newfoundland and Labrador’s minister of Natural Resources.
Ontario currently trades a significant amount of electricity on the spot market as part of the regular operation of its electricity system, the government noted.
A group of provincial officials, along with representatives from Nalcor Energy and Ontario’s Independent Electricity System Operator (IESO), will now study the potential for firm electricity trade between the two provinces and then make recommendations to the ministers.
Discussions will be guided by the “shared goals of reducing costs, fighting climate change, improving system reliability and supporting a dynamic economy,” the provinces said.
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