Innovations in Energy to Power Tomorrow – Independent Electricity System Operator (IESO)

Innovations in Energy to Power Tomorrow – Independent Electricity System Operator (IESO)


We are in a period of change. Not only in
Ontario but you’re seeing in the world over is the issue of climate change. You
can’t rely on old methods or old ways of doing business. Two decades ago, we had a one monopoly organization that both produced electricity and delivered
electricity. We would primarily have been looking at gas plants, coal plants,
nuclear generation, large-scale hydro – that’s all changing now. We’re now in a
situation where we have all different types of non-emitting renewable
resources that are starting to produce and contribute to meeting Ontario’s
electricity needs. You know it’s not enough just to keep
abreast of that change. You’ve got to embrace it, and you’ve got to be ready to
deal with it. (music) The IESO is in a unique position, because we do really sit at the center, or at the heart of the electricity industry in Ontario.
We’re relied upon to be the energy experts so we need to look out 20 years
and decide what’s the demand for electricity going to look like 20 years
from now and then we build plans on that. We’re trying to make sure that as we
design a new market that we’re being agnostic to technological choices.
Whoever has the best price comes in but we’ve also got to be mindful of impacts
on clean air. We can direct funds to these technologies that we think are
developing, will had value. And so we’ve been funding flywheel projects,
looking at compressed air storage. We’ve proven through this pilot we did with
Alectra which is called this Power.House program. You could have a solar
panel on your roof you can have a battery in your garage. You can take the
solar energy, store it in your garage, use it yourself for your own needs. Potentially even use that to sell back into the grid and be a participant. You go from just a passive consumer to being this concept of a prosumer. You produce and you consume at the same time. What we’re doing is looking at
helping communities meet their own needs. I look at the First Nations communities
the community energy plans that that we’ve helped develop to improve the
quality of life there and they’re getting comfort in their homes. We’re
helping them become more efficient and doing so enhancing that home environment, if you will. The future is unknown but I think it’s full of opportunity out there. By playing a leadership role in this change in our sector – enabling the
innovation – that’s has potential to fundamentally alter how Ontario looks in
the future. www.ieso.ca/powering-tomorrow

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