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We need to act today to ensure we have the energy we need to power economic growth and electrification over the next three decades while maintaining our clean electricity advantage. In fact, Ontario’s Independent Electricity System Operator's ( IESO) analysis shows that electricity demand could more than double by 2050. Our government is on track to acquire the electricity resources we need this decade to power economic growth and increasing electrification, with major projects and procurements already announced, including Canada’s first grid-scale small modular nuclear reactor ( SMR), a $342 million expansion of energy efficiency programs and the largest energy storage procurement in Canada’s history.īut looking ahead on the path to 2050, we know economic growth and electrification are going to continue to increase energy demand.

Marie, fueling our growing automotive sector.Īt the same time, our government has a plan to build 1.5 million new homes as Ontario’s population is expected to grow by two million people by the end of this decade.Īs a result, for the first time since 2005 Ontario’s electricity demand is rising, and we know that to support this type of growth we need to ensure the continued availability of reliable, affordable, and clean energy. And we are working with the steel industry to end coal use and electrify their operations to support the production of green steel in Hamilton and Sault Ste.

Ontario is quickly becoming a leader in building electric vehicles and batteries with historic investments from Stellantis in Windsor to Volkswagen in St. By reducing electricity costs, lowering taxes and cutting red tape we have significantly reduced the cost of doing business and we’ve seen companies and investment surge into our province as a result. Over the past five years, our government has worked to make Ontario the best place to create jobs and build the industries of the future.

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