|
Supply Mix Advice and Recommendations
Supply Mix Summary
This report presents recommendations of the Ontario Power Authority (OPA) to the Minister of Energy on options for the future development of Ontario’s electricity system. It responds to a request from the Minister on May 2, 2005 for advice on the appropriate mix of electricity supply sources to satisfy the expected demand in Ontario, taking into account conservation targets and new sources of renewable energy out to 2025. Figure 1.1.1 shows the mix of installed generation capacity and the contribution of each source to meeting electricity production requirements at present and by 2025, based on the recommendations of this report. (Definitions of capacity and other technical terms appear in the glossary in Part 1.6.) The recommendations would increase the share of renewable sources in Ontario’s supply mix, maintain the share of nuclear generation, and replace coal by increasing the share of gas-fired generation and renewable resources. Ontario’s electricity sector is at one of the most challenging points in its history. The system has less capacity today than it did 12 years ago, while demand has increased because of population and economic growth. This is particularly true in downtown Toronto and the Greater Toronto Area, where facilities were shut down and load has grown faster than the provincial average. As Figure 1.1.2 shows, a projected province-wide shortfall in supply capacity emerges later in this decade and grows rapidly over time. The shortfall stems primarily from Ontario’s shrinking supply, with growth in demand as an important secondary factor. The nature of the problem is clear: a lack of investment to expand electricity capacity in Ontario in the past decade. With supply already tight as a result of this under-investment, the sector faces the loss of a major part of its current supply mix as most units of its nuclear fleet reach the end of their design life over the next several years. The loss of nuclear generation would come immediately on the heels of replacement of coal-fired stations, scheduled for completion by 2009. Together, the combination of demand growth and generation retirements would create a gap of roughly 24,000 megawatts (MW) by 2025, equivalent to about 80% of Ontario’s current capacity. Procurements and other initiatives, as shown in Figure 1.1.3, are under way to balance supply and demand in the mid term. By roughly 2013, however, increasing demand and loss of nuclear capacity will once again overwhelm the ability of the system to meet needs. The focus of this advice, then, is on the best way to meet needs over the long term, specifically by 2015, 2020 and 2025. Analysis has shown that, because the most attractive options needed in the longer term involve long lead times, decisions are needed soon to ensure that electricity consumers in Ontario benefit from a reliable and affordable mix of supply sources. Planning supply mix would be simple if a single resource were superior to others in all areas – environmental impact, reliability and costs – and could meet equally well the needs of base, intermediate and peak load. The reality is that no such single resource exists – a combination of resources and technologies is needed, and tradeoffs and synergies among them must be considered. The Starting Point In approaching the task of advising on how to meet this challenge, we recognized three Ontario Government policies already established as priorities:
These policies are consistent with evidence that responsible stewardship of the environment requires more intelligent use of carbon-based energy sources. The Government has stated that its first concern is reliability of supply and that its policy objectives are subject to maintaining reliable supply. With this public policy framework as a starting point, a number of principles further guided the development of this advice.
Consultations with stakeholders and members of the public provided insight into specific concerns, as well as broader values. There was wide consensus that reliability of supply was the single most important concern, and that stable rates and environmental considerations also ranked as high importance. Elements of a Solution Taking into account the nature of the problem and given the framework for analyzing choices, certain broadly defined elements of a solution became evident: 1. Conservation and other forms of demand management must be a major part of any plan:
2. Renewables offer considerable potential, especially in the longer term:
Together, conservation and new renewable sources would more than meet all of Ontario’s growth in demand for electricity by 2025. This would not, however, replace the loss of capacity from the retirement of other supply sources. Ensuring enough supply means turning next to an analysis of conventional sources. The conclusions are: 3. Gas-fired generation will play a targeted, but critical role:
Together, natural gas and renewable sources can replace coal generation. 4. Nuclear generation has a continuing role for base-load needs:
5. Any plan must be flexible enough to act on new supply opportunities:
Many of the most attractive options for meeting base-load generation requirements entail long lead-times, so decisions need to be made quickly. Decisions must also be made with consideration for the longer term, because choices that focus only on immediate needs may foreclose more attractive options for the future. Figure 1.1.4 provides an overview of our recommendations to the Minister of Energy. Conclusion The advice in this report is intended to set Ontario on a course to:
|
||