Bruce Power is pleased to have this opportunity to respond to the Ministry of Energy, Northern Development and Mines review of Ontario’s long-term energy planning framework and to provide its expertise to assist in this process.
At Bruce Power, our core business is supplying safe, reliable electricity to the people and businesses of Ontario, and medical isotopes globally. We have been a proud and active partner of the Ontario government for many years, helping the province to explore opportunities to use nuclear power to decarbonize its economy and achieve its climate change objectives, while simultaneously maintaining a reliable, affordable and stable electricity grid.
We are home to Canada’s largest private-sector infrastructure project. Through partnerships with our vast Ontario-based supply chain, Bruce Power helps support more than 22,000 direct and indirect high-quality jobs in areas such as science, technology, engineering and math (STEM) and skilled labour each year while also generating $9-11 billion of economic activity across Canada. Bruce Power is proud to be able to provide Ontario families and businesses with 30 per cent of their electricity at 30 per cent less than the average cost to generate residential power.
With the future of electricity generation so intrinsically tied to climate change and decarbonization, a renewed look at energy planning is needed. Bruce Power’s vision for Ontario’s energy system respects the challenges of today but embraces the changes necessary to create the energy system of the future. We believe that the long-term planning process currently being reviewed by Ontario must:
1. Recognize the importance of a holistic planning process;
2. Focus on long-term sector needs;
3. Leverage Ontario’s unique advantages; and
4. Plan for and embrace innovation
Please find our detailed submission attached here. Bruce Power is ready and able to help lead Ontario and Canada in its transition toward a net-zero future, and to power Ontario forward through post-pandemic economic recovery.
Submitted April 27, 2021 9:22 AM