IMO 18-Month Outlook Presentation to the F&ASC June 25, 2003
Outline 18 - Month Outlook - Assumptions & Risks - Results - Key Findings and Conclusions - Questions
Changes from Mar 25, 2003 Outlook demand & energy generally up in-service delays modeled at Bruce, Pickering changes to generator planned outages updated transmission projects and planned outages delay to 4th Michigan-Ontario phase angle regulator
Existing Resources * Bruce “A” units not included Pickering “A” units included
Scheduled Resource Additions
Major Outage Risks Summer 20031,300 MW Winter 2003/43,300 MW Summer 20046,400 MW Winter 2004/53,900 MW
Forecast Demands methodology - no significant change impacts to end of May 2003 captured increase to peaks most weeks energy up
2003 energy: TWh 2004 energy: TWh Forecast Demands
Weekly Peak Demand: Actual and Forecast
Reserve Margins: Normal Weather
Reserve Margins: Normal Weather comparison of Q vs Q1 2003
Reserve Margins: Extreme Weather
Findings & Conclusions Nuclear units still not available –Ontario faces summer similar to 2002 or tighter, until they return –tight supply situation at times, especially with weather extremes –heavy reliance on imports Existing Resource Scenario –negative reserves for more than half the period –many outages at risk –reliance on imports –risk of insufficient supply at times of extreme weather Planned Resource Scenario –significantly improved resource adequacy picture –reserves exceed requirements for most periods –still some periods with reserves below required levels
Transmission similar to last Outlook limits to transmission outages expected under peak conditions, especially in summer reactive supply concerns continue to exist under peak summer conditions in Toronto, Windsor and Thunder Bay areas Findings & Conclusions (cont’d)
Overall Conclusions
End