The 2017 version of the Long-Term Energy Plan (LTEP), last updated in 2013. The following text is from the executive summary of the plan:
The 2017 Long-Term Energy Plan, Delivering Fairness and Choice, builds on the years of investment that Ontarians made to renew and clean up the province’s electricity system. As a result of phasing out coal-fired electricity generation in 2014, emissions for Ontario’s electricity sector are forecast in 2017 to account for only about two per cent of the province’s total greenhouse gas emissions. The province’s robust supply of electricity will be sufficient to meet Ontario’s foreseeable electricity demand well into the next decade. This leaves the province well positioned to plan for and meet future challenges.
Ontario’s success in building a clean and reliable energy system means we can renew our focus on helping Ontarians and their families. That is the key priority of Delivering Fairness and Choice. The government has already brought in a number of measures to reduce electricity costs. The Fair Hydro Act, 2017 reduced electricity bills for residential consumers by an average of 25 per cent and will hold any increases to the rate of inflation for four years. Ontario’s Fair Hydro Plan is also helping as many as half a million small businesses and farms. Lower-income Ontarians and those living in eligible rural and northern communities are receiving even greater reductions, of as much as 40 to 50 per cent. Delivering Fairness and Choice will continue our focus on managing electricity system costs over the long term.
Since the release of the 2013 Long-Term Energy Plan (LTEP), Ontario has taken a number of measures to combat climate change. These include the passage of the Climate Change Mitigation and Low-Carbon Economy Act, 2016, the introduction of Ontario’s cap and trade program, and the release of the first Climate Change Action Plan. Delivering Fairness and Choice builds on the province’s leading role in the global fight against climate change.