The OPA’s mandate is to ensure an adequate, long-term supply of electricity for Ontario— a critical factor in the province’s continued growth and prosperity. In pursuit of this mandate, the OPA is committed to meeting the expectations of all its stakeholders by operating responsibly, prudently and professionally.

The OPA’s core value is to serve the best interests of Ontario’s electricity consumers.

This progress report is prepared quarterly to provide updates on the electricity supply contracts currently being managed by the Ontario Power Authority (OPA).

As of December 2007, the OPA had 10,867 megawatts (MW) of electricity supply capacity under contract, 1,025 megawatts (MW) of which was contracted through the Renewable Energy Standard Offer Program (RESOP).

Ontario has a goal of achieving 6,300 megawatts (MW) of savings in peak electricity use by 2025. One of the Ontario Power Authority’s (OPA) five strategic objectives is to ensure the achievement of this goal.

The OPA’s approach in achieving the goals set for 2010 and 2025 is to use three overlapping but distinct type of conservation programs: resource acquisition, capability building and market transformation.