Ontario can fully eliminate natural gas generation in its electricity system by 2050, starting with a moratorium in 2027, but it will require about $400 billion in capital spending and new, large-scale nuclear plants, a report said Thursday.
The Independent Electricity System Operator released a series of publications Thursday, including a study on pathways to decarbonizing the grid, which it said will be a complex task as electricity demand is projected to rise over the same time period.
An interim report it released in the fall said that Ontario would need more natural gas in the short term, to provide flexibility and fill a supply gap as electricity demand grows and nuclear plants are refurbished or retire. "It may be possible to overcome all of these barriers, but it will require concerted effort by government and innovators."
"Rapidly rising electricity costs could discourage electrification, stifle economic growth or hurt consumers with low incomes," the report added.
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