MENU
01
Home
02
Services
03
Sectors
04
Team
05
Our Work
06
Updates
07
Careers
08
Contact
Services
01
Government Relations
02
Communications & Digital
03
Advisory Services
Sectors
01
Energy
02
Environment
03
Health Care
Updates
01
Insights
02
News
EN
FR
HomeServicesSectorsTeamOur WorkUpdates
EN
FR
insights
updates
July 19, 2021

IESO Releases the 2021 Annual Acquisition Report

written by
Energy Team
IESO Releases the 2021 Annual Acquisition Report

Today amid broad stakeholder anticipation, the Independent Electricity System Operator (IESO) released the Annual Acquisition Report (AAR).  The purpose of this report is to identify the precise tools, targets and timing the IESO will use to meet Ontario’s electricity market needs identified in the 2020 Annual Planning Outlook (APO).

As a reminder, the IESO’s Resource Adequacy Framework (RAF) defines a process, informed by the APO, for assessing bulk system and regional resource needs arising in the coming years, and the subsequent procurement methodology to be considered for securing those resources.  These tools were approved by the IESO Board of Directors last December, and by the Government of Ontario in the recent Letter to the IESO on May 31st. The RAF includes the following:

  • A Capacity Auction for short term needs, characterized by annual procurements and short delivery periods;
  • Medium Term Commitments, run cyclically as an RFP or enhanced Capacity Auction and characterized by multiple year (3-5) commitment periods;
  • Long Term Requests for Proposal(s) (RFPs), run periodically and characterized by longer term (7+ year) commitment periods; and
  • Bilateral Negotiations, either for assets that are deemed essential in addressing system needs, reliability must run (RMR) agreements, or as directed by government.

The Unsolicited Proposal Framework, otherwise known as the Gated Assessment Process, is also mentioned in the AAR. That said, this is a government-led process managed by the IESO, explicitly for projects to which no competitive procurement solicitation exists, but where those projects may hold ratepayer saving and electricity system benefit potential.

The IESO hopes the AAR provides enough clarity on upcoming market opportunities to enable companies to begin necessary project preparations and investment decisions to facilitate sufficient market competition in the upcoming procurement opportunities.

Read the full update here.

No items found.
share article
Link copied
‍

RECENT POSTS

Ontario’s Integrated Energy Plan
June 12, 2025

Ontario’s Integrated Energy Plan

June 12, 2025: The Government of Ontario released Energy for Generations | Ontario’s Integrated Plan (IEP) to Power the Strongest Economy in the G7, formally signaling the need for immediate action and long-term planning. The plan aims to present a holistic policy strategy that will guide Ontario’s energy planners and regulators based on four core principles: affordability, security, reliability, and clean energy.

Bill 40: Protect Ontario by Securing Affordable Energy for Generations Act, 2025 Introduced in Legislature
June 4, 2025

Bill 40: Protect Ontario by Securing Affordable Energy for Generations Act, 2025 Introduced in Legislature

Yesterday, the Government of Ontario introduced the Protect Ontario by Securing Affordable Energy for Generations Act, 2025. This legislation is reflective of several themes and priorities raised during the recent Ontario Election for the province’s energy sector, including affordability, energy security, economic growth, and domestic control.

Bringing Strategic Leadership and Energy Expertise to Atlantic Canada
May 29, 2025

Bringing Strategic Leadership and Energy Expertise to Atlantic Canada

Sussex Strategy Group, one of Canada's leading government affairs firms, is excited to announce the appointment of Andrew Parsons as Senior Counsel. A former senior cabinet minister in the Government of Newfoundland and Labrador, Andrew brings deep expertise in energy, public policy, and legislative strategy to Sussex, further advancing the firm's growing presence and capabilities across Canada.

view all
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
company
HomeTeamCareersContactTerms & PoliciesAccessibility
explore
ServicesSectorsOur WorkUpdates
follow us
ALL RIGHTS RESERVED © 2020
Land Acknowledgement