Addressing Ontario’s Growing Electricity NeedsFebruary 23, 2022
(Toronto – February 23, 2022) – Demand for electricity is rising rapidly in Ontario, driven both by economic growth and electrification. That’s why today, the Ontario Chamber of Commerce has released the first of its Policy Primer Series, Addressing Ontario’s Growing Electricity Needs.
“After more than a decade of strong electricity supply, Ontario is entering a period of widening shortfalls. As demand for clean electricity grows, resource availability will be constrained by the retirement of the Pickering Nuclear Station, nuclear refurbishments, and contract expirations for other resources,” said Rocco Rossi, President and CEO, Ontario Chamber of Commerce. “Having a plan to address those shortfalls is essential to ensure businesses can continue investing and growing in Ontario with confidence.”
The OCC’s Policy Primer Series is intended to inform the business community and policymakers on timely issues.
“Ontario has been a world leader in tackling climate change by successfully phasing out coal and creating one of the cleanest, decarbonized electricity systems in the world,” said Patrick Dalzell, Head of Corporate Affairs, Bruce Power. “We must plan for the next generation of clean energy innovation that will attract new investment to the province and increase the demand for clean electricity as other sectors focus on hitting their own Net Zero targets.”
“Given the time it takes to operationalize electricity infrastructure, it is imperative that Ontario provide clarity on its plan to secure reliable, affordable, and sustainable resources for future generations,” added Rossi.
The OCC’s Energy Policy Council continues to engage with government, agencies, and the business community on this important issue.
About the Ontario Chamber of Commerce
For more than a century, the Ontario Chamber of Commerce (OCC) has been the independent, non-partisan voice of Ontario business. The OCC’s mission is to support economic growth in Ontario by defending business priorities at Queen’s Park on behalf of its network’s diverse 60,000 members.
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