Thank you, Mr. Chair.
In Ontario the Independent Electricity System Operator is responsible for ensuring that there's enough power to meet the province's energy needs in real time, while also planning and securing energy for the future. The annual planning outlook by this operator forecasts that Ontario's total electricity demand will increase by 60% over the next 25 years.
Their report states that they do this:
...by balancing the supply of and demand for electricity in Ontario and directing its flow across the province's transmission lines; planning for the province's medium- and long-term energy needs and securing clean sources of supply to meet those needs; overseeing the electricity wholesale market; and coordinating province-wide conservation efforts.
They say that energy storage will power the grid transformation. I'll quote from the report:
After years of stable supply, Ontario is entering a period of need with demand expected to increase by 2 per cent per year over the next twenty years due to electrification, decarbonization and economic growth. Energy storage is well positioned to help support this need, providing a reliable and flexible form of electricity supply that can underpin the energy transformation of the future.
Storage is unique among electricity types in that it can act as a form of both supply and demand, drawing energy from the grid during off-peak hours when demand is low and injecting that energy back into the grid when it is needed most. Storage is particularly useful in supporting the wide-scale integration of renewable resources, like wind and solar, because it can help smooth out changes in energy output caused by unpredictable weather.
Ontario already has one of the cleanest electricity systems in North America, getting most of our power from hydro and nuclear generation. Energy storage can help leverage these existing assets while helping to enable more renewables to ensure clean, reliable and affordable electricity for Ontario’s homes and businesses.
The Crown corporation in Ontario responsible for the safety and resiliency of our electricity grid is urgently and actively working on protecting Ontarians from a failed grid. I think as legislators, we can't delay the important work of hearing from experts who can guide our policy in grid protection. We have to be willing to be able to partner with our provinces, our territories and our municipalities in this important work.
I think continuing—