How do we make sure we have enough generation capacity to face our future electricity demand? What is the best method to procure new low-cost generation facilities? Every year, power system planners need to answer these difficult questions. There are numerous ways to add new generation capacity to the power system. Ontario’s Independent Electricity System Operator (IESO) is planning to introduce a capacity market for the purpose but how will this market work in practice? Are emerging technologies such as intermittent generators and energy storage ready to compete with conventional generators?

The answers to these questions and more will be explored by IESO distinguished research fellow Bhanu Opathella, who has carried out comprehensive economic optimization research at the Centre for Urban Energy at Ryerson University.