The Government of Ontario recently announced that it plans to evaluate opportunities to trade clean electricity with the Government of Newfoundland and Labrador. The two governments made the announcement following the establishment of the Canada Energy Strategy by the Council of the Federation, which aims to ensure sustainable, reliable and secure energy for all Canadians.
The two provinces’ energy policies are well aligned. Ontario’s Long-Term Energy Plan contemplates clean imports from other jurisdictions when cost effective for Ontario ratepayers. Newfoundland’s Long-Term Energy Plan provides for an expansion of its renewable energy opportunities in hydro, wind, wave and tidal.
The two governments have established a new working group comprised of officials from each province, along with representatives from Ontario’s IESO and Newfoundland and Labrador’s Nalcor Energy, to determine the viability of renewable energy trade between the provinces. Discussions of the working group will be guided by the goals of fighting climate change, improving reliability in energy systems, and in bringing social and economic benefits to the citizens of each province.