On April 19, 2016, the Ontario Court of Appeal released its decision in Iroquois Falls Power Corporation v. Ontario Electricity Financial Corporation. The decision concerned a dispute between several non-utility generators (“NUGs”) and the Ontario Electricity Financial Corporation (“OEFC”) over changes to a price adjustment index contained within the long-term contracts for the purchase of electricity generated by the NUGs.
This change affected a component portion of a measure known as Total Market Costs (“TMC”), which measure was used to derive the price adjustment index. At the heart of the dispute was an … Continue Reading
As we begin this new year, we note that several provinces have recently announced and updated their energy plans, which signal important trends in the energy industry. Below are some of the highlights from such provinces.… Continue Reading
It has been a busy month for energy storage in Ontario.
New Contracts Awarded:
Five companies have now been selected to provide energy storage services as part of the Independent Electricity System Operator’s (the “IESO”) 35 MW procurement of renewable energy storage capacity. They are Canadian Solar Solutions Inc., Convergent Energy and Power LLC, Dimplex North America LTD, Hecate Energy and Hydrogenics Corp. The IESO’s press release can be found here.
Interestingly, the IESO has explicitly described this round of procurement as a way of testing new storage technologies. This in part explains … Continue Reading
The Independent Electricity System Operator (the “IESO”) has issued a request for proposal (“RFP”) for the procurement of 35 MW of energy storage services.
This represents the first phase of the two-phased procurement framework proposed by the IESO and the Ontario Power Authority (the “OPA”) in response to the Ministry of Energy’s Long Term Energy Plan (also discussed here and here), which provides for the procuring of 50 MW of energy storage by the end of 2014. The 15 MW balance of the procurement will be led by the OPA in a second … Continue Reading
The following article by Will Fyfe and Lynn Parsons may be of interest to readers of this blog: $1 Billion Investment in Ring of Fire.
The Government of Ontario announced today that it will commit $1 billion toward the development of infrastructure in the so called “Ring of Fire” in Ontario’s far north. → Read more.… Continue Reading