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Thursday, January 16, 2020

Bruce Power Releases Ontario Energy Report

Tiverton | by Megan Johnson  

The report highlights the Province's policy goals and Bruce Powers role in nuclear medicine and health care

Bruce Power has released its first-ever Ontario Energy Report.

The report details Bruce Power's support of the Province in achieving several policy goals while advancing nuclear medicine and health care in Canada and around the world.

Aspects of the report highlights how Nuclear Power continues to be the workhorse for the province, meeting 61 per cent of Ontario's electricity needs in 2019.

It also touches on how nuclear power has assisted the Province of Quebec, as Ontario provided Quebec with more than 400 gigwatt hours (GWhs) to support its winter demand for power.

The report also highlights how Ontario's residential electricity rates rank among the lowest in developed countries and almost 30 per cent below the 2018 world average of 17.33 cents/kWh. This is largely due to Ontario's nuclear fleet, which is a key contributor for keeping down prices

President and CEO of Bruce Power Mike Rencheck says, "Our Life Extension efforts are creating opportunities for people and communities with a focus on the environment, energy and the economy, and that's why we are releasing this report."

He adds, "It's important that we communicate these facts, and the intention of the Ontario Energy Report is to provide accurate, verifiable and concrete information."

The report details Ontario's leadership role as the first jurisdiction in North America to lead the way in ending its use of coal-fired electricity - a milestone that was achieved in 2014. Nuclear power has contributed immensely to a decrease in smog days across the province, from 53 in 2005 to zero in 2019.

Bruce Power's refurbishment of four nuclear units brought 3,000 megawatts of carbon-free electricity back to the grid and provided 70 per cent of the electricity needed to take coal-fired generation out of Ontario's power supply. 

Today, nuclear accounts for more than 60 per cent of the province's supply with Bruce Power providing more than 30 per cent of Ontario's electricity at 30 per cent less than the average cost to generate residential power.

Also included is Bruce Power's commitment to producing medical isotopes which keeps medical equipment clean while also providing life-saving cancer treatments.

"It is a priority for our company to continue working with other members of the nuclear industry, the medical community, scientists and educational institutions to produce existing and new isotopes that can improve people's lives across Canada and internationally," Rencheck says.

To read the Energy Report click here.

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