Medium-Term RFP
After more than a decade of strong supply, Ontario is entering a period of emerging electricity system needs which begin mid-decade. To address these needs, the IESO is competitively securing up to 475 MW of capacity through the first Medium-Term RFP (MT I RFP).
In order to address needs in a timely, cost-effective and flexible manner, the IESO developed a Resource Adequacy Framework that sets out how to secure capacity and energy through a variety of competitive processes and timeframes – focusing on meeting reliability needs cost-effectively. This approach also more effectively balances ratepayer and supplier risk.
The 2021 Annual Acquisition Report describes these mechanisms and needs in more detail – including this MT I RFP, that seeks to secure capacity from existing electricity generation or storage resources. The 2022 Annual Acquisition Report provides updated details on the targets and needs.
This MT I RFP represents another step in the IESO’s transition to acquire resources based on their ability to offer services such as capacity, energy and the ability to ramp up and down quickly and not by fuel type.
For this initial procurement, existing resources are best positioned to cost-effectively meet capacity needs emerging mid-decade. It will be followed by other procurements - including a Long-Term RFP to secure new resources and other cadenced Medium-Term RFPs in the future.
Future Medium-Term RFPs will evolve based system needs and will see increased resource eligibility and competition. Procurement design and requirements have been and will continue to be shaped by input from stakeholders through the Resource Adequacy Engagement, as well as other IESO assessments and engagements.
Visit the IESO's Subscribe page to sign up for future MT I RFP updates.
Procurement Documents
- Final MT I RFP
- MT I RFP Addenda #1
- MT I RFP Addenda #2
- MT I RFP Addenda #3
- MT I RFP – Blackline to November 24th draft
- Final MTC I Contract
- MTC I Contract – Blackline to November 24th draft
- Final Prescribed Form – Notice of Proposal Withdrawal
- Final Prescribed Form – Proponent Information and Declarations
- Final Prescribed Form – Proposal Completeness Checklist
- Final Prescribed Form – Proposal Price & Commitment Start Date
- Final Prescribed Form – Registration Form
MT I RFP Updates
The MT I RFP Proposal Submission Deadline of April 28, 2022 has passed. The IESO is not accepting any further Proposal submissions under the MT I RFP. The IESO will evaluate submitted Proposal submissions in accordance with Section 4 of the MT I RFP.
Date | Milestone |
---|---|
January 31, 2022 |
IESO's deadline for releasing MT I RFP and MTC I Contract |
February 14, 2022 |
Proponent's deadline for submitting questions and comments, if any (the "Question and Comment Deadline") |
February 22, 2022 |
Proponent’s deadline for Registration (includes submission of Prescribed Form: Registration Form and other information required by Section 3.4 of this MT I RFP, and payment of Registration Fee) |
March 11, 2022 |
IESO's deadline to inform Proponents of their respective UCAP for Summer and Winter via email |
March 16, 2022 |
Proponent's deadline to raise and error of their UCAP value |
March 25, 2022 |
IESO's deadline for responding to the Proponents confirming their status as a Qualified Applicant and their respective Qualified Capacity |
April 21, 2022 |
IESO's deadline for issuing Addenda to MT I RFP and MTC I Contract, if any |
April 28, 2022 |
Proposal submission deadline (the "Proposal Submission Deadline") |
August 26, 2022 |
Notification to all Proponents and announcement of Selected Proposals |
This request for proposals (“RFP”) and contract, and the statements and information contained herein, are based on the proposed design as of the date of posting and remain subject to amendment following the process set out in the RFP. Nothing in this RFP or contract, or the posting thereof, obligates the IESO to continue or conduct the procurement process contemplated herein, or any other procurement process. Nothing in this posted RFP or contract constitutes, nor shall it be construed to constitute, an agreement, guarantee, representation, or warranty, express or implied, on behalf of the IESO. The IESO provides no such agreement, guarantee, representation, or warranty and disclaims any and all liability associated therewith. In the event there is any conflict or inconsistency between this RFP or contract, and the IESO market rules, any legislation or regulation, the terms in the market rules, legislation, or regulation as applicable, govern.
Procurement Resources
- Questions and Answers as of February 17, 2022
- MT I RFP - Qualified Capacity Guidance document
- MT I RFP - FAQ document
- Resource Adequacy Engagement
- Annual Acquisition Report
- Annual Planning Outlook
- Capacity Auction Zone Table
- November 10, 2021: Ministry of Energy Outlines Further IESO Actions to Address Resource Adequacy
- January 27, 2022: Ministry of Energy Directive
Schedule of Procurement Activities
The dates provided below are aligned with the draft MT I RFP and are subject to change.
Date | Procurement Activities |
---|---|
November 2, 2021 |
|
November 16, 2021 |
Webinar to walk through and engage on the details of the draft MT I RFP
|
November 24, 2021 |
|
November 25, 2021 |
Webinar to walk through and engage on the details of the draft MTC I Contract |
December 7, 2021 |
Webinar to discuss and address questions regarding the draft MT I RFP and MTC I Contract |
December 10, 2021 |
Deadline for questions and comments on the draft MT I RFP and draft MTC I Contract to be sent to the IESO |
January 7, 2022 |
MT I RFP FAQ Document posted MT I RFP Draft Prescribed Forms posted |
January 31, 2022 |
MT I RFP Registration period opens Final MT I RFP and MTC I Contract posted Final MT I RFP Prescribed Forms posted Updated MT I RFP Qualified Capacity Guidance document posted Updated MT I RFP FAQ document posted MT I RFP Question and Comment Form posted |
February 14, 2022 |
Proponent's deadline for submitting questions and comments Question and Comment Form |
February 16, 2022 |
MT I RFP Addenda #1 posted |
February 22, 2022 |
Proponent's deadline for MT I RFP Registration |
March 25, 2022 |
IESO's deadline for responding to the Proponents confirming their status as a Qualified Applicant and their respective Monthly Qualified Capacity |
April 4, 2022 |
MT I RFP Addenda #2 posted |
April 14, 2022 |
MT I RFP Addenda #3 posted |
April 21, 2022 |
IESO's deadline for issuing Addenda to MT I RFP and MTC I Contract, if any |
April 28, 2022 |
Proposal submission deadline |
- Draft RFP
- Draft Contract
- Draft Prescribed Form - Notice of Proposal Withdrawal
- Draft Prescribed Form - Proponent Information and Declarations
- Draft Prescribed Form - Proposal Completeness Checklist
- Draft Prescribed Form - Proposal Price & Commitment Period Start Date
- Draft Prescribed Form - Registration Form