IESO_REP_0170v0.1 18-Month Outlook 18-MONTH OUTLOOK: Ontario Demand Forecast From April 2008 to September 2009 December 11, 2003 IESO_REP_0473v1.0 Draft - Confidential Public March 12, 2008 IESO_REP_0473v1.0 18-Month Demand Forecast This page intentionally left blank. IESO_REP_0473v1.0 Public March 12, 2008 IESO_REP_0473v1.0 18-Month Demand Forecast Executive Summary The IESO is responsible for forecasting electricity demand on the IESO-controlled grid and for assessing whether transmission and generation facilities are adequate to meet Ontario’s needs. This document presents the demand forecast for the period from April 2008 to September 2009 and supersedes the previous forecast released in December 2007. Actual Weather and Demand Since the last forecast the actual demand and weather data for December, January and February has been recorded. Here are the highlights: December December’s weather was near normal with average temperatures slightly colder than normal and the peak day temperature slightly warmer. There were four days colder than the peak day but three were on weekends and the last was early in December. As such this mitigated the impact of these cold days. Actual peak demand was 22,935 MW and weather-corrected peak demand was 22,969 MW. As noted above part of the reason for the low peak was the calendar impact, had the cold weather occurred during the week, peak demand would have been 800 MW higher. The actual peak was the lowest December peak since 2003. Energy demand for the month was 13.4 TWh the lowest since 2003. Weather-corrected energy demand was 13.3 TWh the lowest December energy since market opening. Wholesale industrial energy demand was 2.0% lower than the previous December. January January was warmer than normal, particularly early in the month. The average temperature was over 3° warmer than normal. Likewise the peak day 3°C warmer than normal. The monthly peak was 22,782 MW the lowest since January 2002 and on that peak day in 2002 the temperature was above zero. The weather-corrected peak is higher at 23,288 MW but still the lowest since 2002. Actual energy demand for the month was 13.6 TWh whereas weather-corrected energy demand was a higher 14.0 TWh. Both of these figures represent a decline compared to January 2007 (-1.1% and -0.5%). Wholesale industrial customers’ consumption was 5.2% lower than the previous January. February February had very close to normal weather. The average temperature was less than 1°C different from normal. The peak day too was just slightly colder than normal. Peak electricity demand for the month was 23,054 MW (23,021 MW weather-corrected). Like last winter, the actual winter peak was late in the season – February 11th compared to February 13th last winter. March 12, 2008 Public Page iii IESO_REP_0473v1.0 18-Month Demand Forecast Energy demand for the month was 13.0 TWh (12.8 TWh weather-corrected). Though only slightly lower than last year, these figure do have an additional day due to the leap year. Adjusting for the leap year drops the energy to 12.5 and 12.3 TWh. Wholesale industrial customers’ consumption rose by 0.9% compared to the previous February. This is the first year over year increase since April 2005. However, after adjusting for the leap year consumption fell 2.6% compared to February 2007. Overall, the weather experienced during this period was near normal. Actual energy demand was 0.6% higher than the same three month period a year earlier. After correcting for weather the demand was 0.1% higher. Wholesale industrial customers’ consumption for the three months was 2.2% lower than the previous year. Industrial demand has continued to show a downward trend since 2005. Additionally, conservation programs have further reduced electricity consumption. Economic Outlook The IESO has updated the economic assumptions that underpin the forecast for the Ontario economy. The major themes dominating the Ontario economy are: The high Canadian dollar. With the dollar at parity with the U.S. dollar, Ontario’s manufacturers have seen their competitiveness eroded. Additionally, weaker U.S. demand has further hurt manufacturing. The impacts of these factors are reflected in the manufacturing employment numbers. In February alone, Ontario shed 20,000 manufacturing jobs. The sub prime meltdown and resulting financial volatility appears to be the tipping point for the U.S. economy. A general slow down in the U.S. economy will have spill over effects on Ontario’s economy. On the plus side, the financial volatility has led to lower interest rates on both sides of the border. The lower rates help maintain strong levels of domestic consumption and business investment. For that reason, construction, retail sales and import demand remain strong. Although metal prices have retreated from the high levels recorded last spring, foreign demand has meant that mining and processing remain a key growth sector of the economy. Despite moderate economic growth and indicators, electricity demand continues to lag the overall economy. Ontario’s energy-intense industries are not growing like other sectors of the economy. Going forward this trend is expected to continue in the near term. Whether this is a structural or cyclical change will become clearer over time. Methodology The methodology remains the same as in the previous Outlook. The demand models have been re-estimated based on the latest data. The economic drivers and weather scenarios were also updated. Due to a number of changes impacting the electricity market, from conservation to economics, we are reviewing the 18-Month demand forecasting process. The main purpose of this review is to ensure that we are accurately capturing these changes and impacts. Other aspects of the March 12, 2008 Public Page iv IESO_REP_0473v1.0 18-Month Demand Forecast forecasting process are being reviewed to look for improvements and efficiencies. This review with continue throughout 2008. Demand Forecast Lower levels of demand from the industrial sector combined with conservation impacts across all sectors have contributed to a lower energy and peak demand forecast compared to the previous Outlook. The Ontario Power Authority (OPA) and local distribution companies (LDC) continue to take actions that reduce demand. The OPA’s demand response programs are included in our analysis and treated as a resource. The conservation targets’ impacts are included in the Planned Resource Scenario (PRS). In the Firm Resource Scenario (FRS) demand numbers are presented without the incremental conservation impacts. A discussion of the impacts of conservation and demand response are included in section 3.4 of this document. Table 1 summarizes the annual peak and energy demand forecast under both scenarios for the period covered in this 18-month forecast. Table 1: Peak and Energy Demand Forecast Firm Resource Scenario - Excludes Targeted Conservation Monthly Normal Weather Seasonal Normal Extreme Weather Peak Season Peak (MW) Weather Peak (MW) (MW) Summer 2008 25,493 25,779 27,748 Winter 2008-09 24,335 24,548 25,400 Summer 2009 25,684 25,969 27,939 Year Actual TWh Weather Corrected TWh % Growth 2005 Energy 157.0 154.9 0.8% 2006 Energy 151.1 152.3 -1.7% 2007 Energy 152.2 151.6 -0.5% 2008 Energy (Forecast) 152.2 152.2 0.4% Planned Resource Scenario - Includes Targeted Conservation Monthly Normal Weather Seasonal Normal Extreme Weather Peak Season Peak (MW) Weather Peak (MW) (MW) Summer 2008 24,892 25,328 27,147 Winter 2008-09 23,441 23,996 24,507 Summer 2009 24,754 25,249 27,009 Year Actual TWh Weather Corrected TWh % Growth 2005 Energy 157.0 154.9 0.8% 2006 Energy 151.1 152.3 -1.7% 2007 Energy 152.2 151.6 -0.5% 2008 Energy (Forecast) 151.4 151.4 -0.1% Figure 1 compares the forecast of weekly energy demand with existing levels of conservation (Firm scenario) with the forecast of energy demand with incremental conservation savings (Planned scenario). Likewise, Figure 2 compares the forecast of weekly peak demand under the Firm and Planned Resource scenarios. March 12, 2008 Public Page v IESO_REP_0473v1.0 18-Month Demand Forecast Figure 1: Comparison – Weekly Energy Demand under the Firm and Planned Scenarios 3,300 3,200 Energy (GWh) 3,100 3,000 2,900 2,800 2,700 2,600 Firm Scenario 20-Sep-09 23-Aug-09 26-Jul-09 28-Jun-09 31-May-09 03-May-09 05-Apr-09 08-Mar-09 08-Feb-09 11-Jan-09 14-Dec-08 16-Nov-08 19-Oct-08 21-Sep-08 24-Aug-08 27-Jul-08 29-Jun-08 01-Jun-08 04-May-08 06-Apr-08 2,500 Planned Scenario Figure 2: Comparison – Weekly Peak Demand under the Firm and Planned Scenarios 27,000 26,000 Peak (MW) 25,000 24,000 23,000 22,000 21,000 20,000 19,000 Firm Scenario - March 12, 2008 20-Sep-09 23-Aug-09 26-Jul-09 28-Jun-09 31-May-09 03-May-09 05-Apr-09 08-Mar-09 08-Feb-09 11-Jan-09 14-Dec-08 16-Nov-08 19-Oct-08 21-Sep-08 24-Aug-08 27-Jul-08 29-Jun-08 01-Jun-08 04-May-08 06-Apr-08 18,000 Planned Scenario End of Section – Public Page vi IESO_REP_0473v1.0 18-Month Demand Forecast Caution and Disclaimer The contents of these materials are for discussion and information purposes and are provided “as is” without representation or warranty of any kind, including without limitation, accuracy, completeness or fitness for any particular purpose. The Independent Electricity System Operator (IESO) assumes no responsibility to you or any third party for the consequences of any errors or omissions. The IESO may revise these materials at any time in its sole discretion without notice to you. Although every effort will be made by the IESO to update these materials to incorporate any such revisions it is up to you to ensure you are using the most recent version. March 12, 2008 Public Page vii IESO_REP_0473v1.0 18-Month Demand Forecast This page intentionally left blank. March 12, 2008 Public Page viii IESO_REP_0473v1.0 18-Month Demand Forecast Table of Contents Executive Summary .........................................................................................iii Table of Contents .............................................................................................ix List of Tables .................................................................................................... x List of Figures .................................................................................................. x 1.0 Introduction .......................................................................................... 1 1.1 Outlook Documents .....................................................................................................1 1.2 Demand Forecast Document ........................................................................................1 2.0 Historical Demand ................................................................................. 3 2.1 December to February Review .....................................................................................3 2.2 Historical Energy Demand ............................................................................................4 2.3 Historical Peak Demand ...............................................................................................5 2.4 Load Duration Curves ..................................................................................................7 3.0 Forecasting Process and Assumptions................................................... 9 3.1 Calendar Drivers for Forecast .......................................................................................9 3.2 Economic Drivers for Forecast ......................................................................................9 3.3 Weather Drivers for Forecast ..................................................................................... 10 3.4 Conservation and Demand Management ..................................................................... 12 4.0 4.1 Demand Forecast ................................................................................. 15 Comparison of Current and Previous Forecast ............................................................. 18 Appendix A Energy Demand Forecast Details .............................................. 19 Appendix B Peak Demand Forecast Details .................................................. 23 Appendix C Analytical Factors ...................................................................... 27 March 12, 2008 Public Page ix IESO_REP_0473v1.0 18-Month Demand Forecast List of Tables Table 1: Peak and Energy Demand Forecast ............................................................................. v Table 2.1: Historical Weather and Demand Summary ................................................................3 Table 2.2: Actual and Weather Corrected Weekly Energy Demand .............................................5 Table 2.3: Actual and Weather Corrected Weekly Peak Demand ................................................7 Table 3.1: Forecast of Ontario Economic Drivers .......................................................................9 Table 3.2: Monthly Normal and Extreme Weather ................................................................... 11 Table 3.3: Conservation and Demand Management ................................................................. 12 Table 4.1: Forecasted Ontario Weekly Demand ....................................................................... 16 Table 4.2: Current Firm Resource Scenario versus Previous Firm Resource Scenario ................. 18 Table A1: Weekly Zonal Energy Forecast, Monthly Normal Weather, Firm Resource Scenario ..... 19 Table A2: Weekly Zonal Energy Forecast, Monthly Normal Weather, Planned Resource Scenario 20 Table B1: Weekly Zonal Coincident Peak Demand Forecast, Monthly Normal Weather, Firm Resources Scenario ........................................................................................................ 23 Table B2: Weekly Zonal Coincident Peak Demand Forecast, Monthly Normal Weather, Planned Resources Scenario ........................................................................................................ 24 Table C1: Factors Affecting Energy Demand ........................................................................... 27 Table C2: Factors Affecting Peak Demand .............................................................................. 28 List of Figures Figure Figure Figure Figure Figure Figure Figure Figure Figure 1: Comparison – Weekly Energy Demand under the Firm and Planned Scenarios ............. vi 2: Comparison – Weekly Peak Demand under the Firm and Planned Scenarios ................ vi 2.1: Wholesale Customer’s Year over Year Change in Consumption .................................4 2.2: Energy Demand – 52-Week Moving Average ...........................................................5 2.3: Wholesale Customers Coincident Peak and Average Hourly Consumption ..................6 2.4: Peak Demand – 52-Week Moving Average ...............................................................6 2.5: Load Duration Curves – December, January, February .............................................7 4.1: Weekly Energy Demand – History and Forecast ..................................................... 15 4.2: Weekly Peak Demand Forecast – History and Forecast ........................................... 16 March 12, 2008 Public Page x IESO_REP_0473v1.0 18-Month Demand Forecast 1.0 Introduction 1.1 Outlook Documents The Ontario Electricity Market Rules (Chapter 5 Section 7.1) require that a demand forecast for the next 18 months be produced and published on a quarterly basis. This Ontario Demand Forecast meets this requirement and covers the period from April 2008 to September 2009. It supersedes the previous forecast released December 2007. 1.2 Demand Forecast Document This document provides an 18-month forecast of electricity demand for Ontario, based on the stated assumptions and using the methodology described in the document “Methodology to Perform Long Term Assessments” (IESO_REP_0266) (found on the IESO web site at http://www.ieso.ca/imoweb/pubs/marketReports/Methodology_RTAA_2007dec.pdf. Readers may envision other scenarios, recognizing the uncertainties associated with various input assumptions, and are encouraged to use their own judgement in considering possible future scenarios. This forecast provides a base upon which changes in assumptions can be considered. Ontario demand is the sum of coincident loads plus the losses on the IESO-controlled grid. This demand forecast was based on actual demand, weather and economic data through the end of December 2007. Data for January has been incorporated into the tables and figures of this document. February data has been included as time permitted. This document is divided into the following sections: Section 2.0 looks at historical demand Section 3.0 describes the assumptions used in this forecast of electricity demand Section 4.0 has a summary of forecast results Appendices A through C contain additional forecast details and analysis. Readers are invited to provide comments or suggestions regarding the content of this or future reports. To do so, please call the IESO Customer Relations at 905-403-6900 or 1-888-448-7777 or send an email to customer.relations@ieso.ca or to forecasts.demand@ieso.ca. Electronic copies of the forecast and weather scenarios are available upon request. - End of Section - March 12, 2008 Public Page 1 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast This page intentionally left blank. March 12, 2008 Public Page 2 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast 2.0 Historical Demand This section covers historical energy and peak demand. The weather-corrected numbers are generated based on normal weather. 2.1 December to February Review Looking at the winter of 2007-08, the weather was closer to normal than we have experienced for several years. Despite the weather, both peak and energy demand tracked lower than recent history suggests, as lower industrial demand and conservation led to lower electricity demand. Table 2.1 contains a summary of the weather and demand for the review period. Table 2.1: Historical Weather and Demand Summary Historical Analysis January February Average Temperature (°C) -0.8 -0.2 -2.7 Minimum Temperature (°C) -8.5 -9.7 -10.6 Maximum Temperature (°C) 7.8 15.2 6.1 Monthly Normal Average Temperature (°C) 0.4 -3.3 -1.5 Monthly Normal Minimum Temperature (°C) -8.4 -13.5 -13.5 Monthly Normal Maximum Temperature (°C) 13.4 6.7 8.2 Peak Demand (MW) 22,935 22,782 23,054 Average Hour (MW) 18,021 18,293 18,530 Minimum Hour (MW) 13,146 13,556 14,295 90th Percentile (MW) 20,761 20,961 21,007 Percent above 20,000 (MW) 25.4% 26.3% 29.3% # of Hours Above 20,000 (MW) 189 196 204 Energy Demand (GWh) 13,408 13,610 12,897 Peak Demand (MW) 22,969 23,288 23,021 Energy Demand (GWh) 13,303 13,996 12,775 Peak Demand (MW) 24,123 24,485 23,952 Energy Demand (GWh) 13,588 14,135 13,111 Forecast WeatherCorrected Actual Monthly Normal Actual December Notes for Table 2.1 – Weather is for Toronto. Temperature is the daily high. Forecast is the most recent for that period. March 12, 2008 Public Page 3 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Figure 2.2 shows the year over year change in wholesale customers’ consumption. We can see that their consumption has been falling since the spring of 2005. In general, this coincides with the appreciation of the Canadian dollar. Although February 2008 will indicate a 0.9% increase over the previous February, the positive value is the result of the additional day due to 2008 being a leap year. Adjusting for the leap year would lead to a 2.6% decline in wholesale customers’ year over year consumption. Despite the prolonged slump, recent months have shown smaller year over year losses. Figure 2.1: Wholesale Customer’s Year over Year Change in Consumption 300 200 GWh 100 (100) (200) (300) Jan-08 Sep-07 May-07 Jan-07 Sep-06 May-06 Jan-06 Sep-05 May-05 Jan-05 Sep-04 May-04 Jan-04 Sep-03 May-03 (400) Wholesale Customer 2.2 Historical Energy Demand Actual energy demand was 39.9 TWh (40.1 TWh weather-corrected) for December through February. This was 0.6% higher than the same months a year earlier (0.1% higher on a weather-corrected basis). The flat demand numbers are a result of lower demand from the energy-intensive industrial sector and the growth of the conservation culture in Ontario. Once we account for the additional day due to the leap year actual demand was 0.5% lower for the most recent three months compared to a year ago. On a weather-corrected basis the decline is higher at 1.0%. Figure 2.3 shows the 52-week moving average of the actual and weather-corrected energy demand for the past five years. The deviations in the two lines can be traced back to significant weather impacts. The graph is dominated by the two large humps caused by the hot summers of 2002 and 2005. Since the end of 2005, energy demand has tailed off as industrial loads have fallen and conservation has gained momentum. March 12, 2008 Public Page 4 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Figure 2.2: Energy Demand – 52-Week Moving Average 3,100 3,050 GWh 3,000 2,950 2,900 2,850 Actual Energy 52-Wk Moving Average 24-Feb-08 26-Aug-07 25-Feb-07 27-Aug-06 26-Feb-06 28-Aug-05 27-Feb-05 29-Aug-04 29-Feb-04 31-Aug-03 02-Mar-03 2,800 Weather Corrected Energy 52-Wk Moving Average Table 2.2 shows the weekly energy demand for the past three months. The table has the actual and weather-corrected demand for each week and notes any item of significance for the week. If the weather correction is positive it means that the weather was milder than normal. More history for this table is available in the Ontario Demand Forecast tables spreadsheet. Table 2.2: Actual and Weather Corrected Weekly Energy Demand Week Ending Actual Energy (GWh) 09-Dec-07 16-Dec-07 23-Dec-07 30-Dec-07 06-Jan-08 13-Jan-08 20-Jan-08 27-Jan-08 03-Feb-08 10-Feb-08 17-Feb-08 24-Feb-08 3,153 3,200 3,080 2,720 2,957 2,907 3,105 3,207 3,102 3,051 3,187 3,075 Weather Corrected Weather Week Number Energy (GWh) Correction (GWh) 3,145 3,185 3,056 2,674 3,020 3,024 3,177 3,289 3,135 3,021 3,181 3,030 -8 -16 -25 -46 63 116 71 82 33 -30 -6 -45 49 50 51 52 1 2 3 4 5 6 7 8 Notes for Week Christmas & Boxing Day New Years Day Family Day 2.3 Historical Peak Demand Peak demands are driven by weather, occurring on days where weather is more extreme. It is important note that the erosion in industrial demand has an impact on peak demands as industrial demand is part of the baseload component on which peak demands are built. Figure 2.3 shows the wholesale customers’ coincident peak and average hourly consumption since market opening. The graph shows the declining contribution to peak demand from wholesale industrial customers. Although the industrial share of peak demand varies by month March 12, 2008 Public Page 5 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast due to shutdowns and holidays, it is evident from the chart that consumption has been on a downward trend since 2005. Figure 2.3: Wholesale Customers Coincident Peak and Average Hourly Consumption 3,100 2,900 2,700 MW 2,500 2,300 2,100 1,900 1,700 Coincident Peak 30-Jan-08 07-Sep-07 31-May-07 25-Jan-07 08-Sep-06 30-May-06 16-Jan-06 13-Sep-05 31-May-05 18-Jan-05 15-Sep-04 13-May-04 15-Jan-04 11-Sep-03 05-May-03 22-Jan-03 09-Sep-02 30-May-02 1,500 Average Hourly Energy Figure 2.4 displays the 52-week moving average of both actual and weather-corrected peak demand. The profile is similar to that of the energy demand. Figure 2.4: Peak Demand – 52-Week Moving Average 22,500 22,000 MW 21,500 21,000 20,500 Actual Peak 52-Wk Moving Average March 12, 2008 Public 24-Feb-08 26-Aug-07 25-Feb-07 27-Aug-06 26-Feb-06 28-Aug-05 27-Feb-05 29-Aug-04 29-Feb-04 31-Aug-03 02-Mar-03 20,000 Weather Corrected Peak 52-Wk Moving Average Page 6 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Table 2.3 contains the actual and weather-corrected weekly peak demand for the past three months. The table shows the daily afternoon maximum temperature for the actual peak day. More history for this table is available in the Ontario Demand Forecast tables spreadsheet. Table 2.3: Actual and Weather Corrected Weekly Peak Demand Week Ending 09-Dec-07 16-Dec-07 23-Dec-07 30-Dec-07 06-Jan-08 13-Jan-08 20-Jan-08 27-Jan-08 03-Feb-08 10-Feb-08 17-Feb-08 24-Feb-08 2.4 Week Number 49 50 51 52 1 2 3 4 5 6 7 8 Peak Day Actual Peak (MW) 03-Dec-07 11-Dec-07 17-Dec-07 28-Dec-07 03-Jan-08 10-Jan-08 20-Jan-08 21-Jan-08 30-Jan-08 06-Feb-08 11-Feb-08 20-Feb-08 22,679 22,534 22,935 19,708 22,716 20,852 21,519 22,778 22,782 21,287 23,054 21,949 Weather Corrected Peak (MW) 22,716 22,434 22,969 19,394 23,288 21,990 21,976 23,170 23,257 21,208 23,021 21,774 Actual Peak Day Temperature (°C) -2.0 1.1 -3.4 2.1 -7.7 3.6 -8.9 -7.4 -8.0 -1.7 -9.3 -6.8 Load Duration Curves Figure 2.5 displays the top 50% of hourly demand for each of December, January and February. The curves are the product of the weather experienced in those months and look remarkably alike. Figure 2.5: Load Duration Curves – December, January, February 24,000 Greater than MW 23,000 22,000 21,000 20,000 19,000 18,000 0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20% 22% 24% 26% 28% 30% 32% 34% 36% 38% 40% 42% 44% 46% 48% 50% 17,000 % of Time Dec-07 Jan-08 Feb-08 - End of Section - March 12, 2008 Public Page 7 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast This page intentionally left blank. March 12, 2008 Public Page 8 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast 3.0 Forecasting Process and Assumptions A detailed description of the forecasting methodology can be found in the document entitled “Methodology to Perform Long Term Assessments” (IESO_REP_0266) (found on the IESO web site at http://www.ieso.ca/imoweb/pubs/marketReports/Methodology_RTAA_2007dec.pdf. The form and structure of the model has not changed since the last Outlook. The most recent demand, weather and economic data were incorporated into the model which was re-estimated based on this information. The forecast of demand requires inputs and this section covers each class of drivers. 3.1 Calendar Drivers for Forecast Calendar variables are addressed in the Methodology document. Essentially, forecasting the calendar impacts – days of the week, holidays, sunrise and sunset – are pretty straightforward. 3.2 Economic Drivers for Forecast To produce an energy and peak demand forecast, an economic forecast of various drivers is required. The IESO uses a consensus of four publicly available provincial forecasts to generate the economic drivers used in the forecast. Table 3.1 summarizes the key economic drivers for the demand forecast. The Ontario growth index is a weighting of the economic drivers as they relate to demand. Table 3.1: Forecast of Ontario Economic Drivers Ontario Employment Year Thousands 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 (f) 2008 (f) 5,098 5,161 5,277 5,440 5,621 5,801 5,924 6,014 6,203 6,310 6,390 6,485 6,585 6,648 Ontario Housing Starts Annual Annual Thousands Growth (%) Growth (%) 2.0 1.2 2.3 3.1 3.3 3.2 2.1 1.5 3.1 1.7 1.3 1.5 1.6 1.0 31.9 39.5 50.0 50.1 62.9 67.4 70.3 79.6 80.9 79.9 73.2 67.8 61.6 58.2 -23.3 23.9 26.5 0.2 25.6 7.1 4.2 13.3 1.7 -1.3 -8.4 -7.4 -9.0 -5.6 Ontario Growth Index Index Annual Growth (%) 1.025 1.036 1.054 1.076 1.102 1.128 1.149 1.168 1.197 1.219 1.237 1.256 1.274 1.289 1.42 1.05 1.69 2.18 2.34 2.39 1.88 1.65 2.49 1.78 1.49 1.53 1.47 1.14 The economic situation continues to have very different impacts across the various sectors of the Ontario economy. The high dollar and slowing U.S. economy have negative implications for the auto sector and other exporting industries. The low interest rates continue to foster construction March 12, 2008 Public Page 9 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast activity, business investment and domestic consumption. High commodity prices are buoying the mining and processing sectors. With the mixed performance across the various sectors of the economy it requires greater understanding of the factors driving each of the individual sectors. As stated earlier in this document, the IESO continues to looks for ways to improve or enhance the capability of the models in this regard. This work will occur throughout 2008. 3.3 Weather Drivers for Forecast Since forecasting long-term weather is not possible, weather scenarios are generated based on historical data. The analytical studies that the IESO produces serve a variety of purposes and needs. As such, a variety of inputs may be required. Therefore the IESO produces demand forecasts based on Weekly, Monthly and Seasonal normal weather. Additionally, a demand forecast is also generated based on Extreme weather. In general, the weekly normalized weather gives the lowest peak demands, monthly normalized gives higher peak demands and seasonally normalized the highest. Each of these scenarios will therefore have a different Load Forecast Uncertainty (LFU). As the calculation of weather normalization moves from weekly to monthly and then to seasonal, there are higher peak demands but progressively lower uncertainty around those peaks. The weather scenarios are generated using the following steps: For each day over the past 31 years a "weather factor" is calculated based on the weather conditions of that day (temperature, wind speed, cloud cover and humidity). This weather factor represents the MW impact on demand if those weather conditions were observed in the forecast horizon. The daily weather factors are sorted from highest to lowest within their normalization periodicity – they are sorted within the week, month or season. Normal weather is based on the median value of the sorted weather factors across the 31 years of history. For example (using monthly normalization), the median value of the maximum weather factor from each January from 1976 to 2006 would be the first day in the normal January. The median value of the second highest weather factor from each January from 1976 to 2006 would be the second day in the normal January. This is repeated until all days in the week, month or season are generated. Once the normal months are created they are mapped to the calendar based on the weekly average distribution of weather. The weekly peak eliciting weather is always mapped to Wednesday to ensure that peaks do not occur on weekends or holidays. Extreme weather is generated in a similar manner except that we use the maximum, rather than the median value from the sorted data. The weekly, monthly and seasonal normalizations will have points in their extreme weather set in common. Load Forecast Uncertainty (LFU) - a measure of demand fluctuations due to weather variability is a critical part of the analysis. In conjunction with the normal weather forecast, LFU is valuable in determining a distribution of potential outcomes under various weather conditions. The resource adequacy assessments use the normal weather forecast in combination with LFU to consider a full range of peak demands that can occur under various weather conditions with varying probability of occurrence. March 12, 2008 Public Page 10 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast The Extreme weather scenario is valuable for studying situations where the system is under duress. The Extreme weather scenario is useful when examining peak conditions but is unrealistic from an energy demand standpoint, as severe weather conditions do not persist over a long time period. Table 3.2 has information about the Monthly Normal and Extreme weather scenarios. For each week, the table shows the historical weather used for the peak day of that week. The table shows the daily high (temperature) and wind speed. Not shown but used in forecasting demand are humidity and cloud cover. The IESO uses six weather stations in the demand models – the data in the table below is for Toronto. The weather scenarios were updated for data through the end of December 2007. Table 3.2: Monthly Normal and Extreme Weather Week Ending 06-Apr-08 13-Apr-08 20-Apr-08 27-Apr-08 04-May-08 11-May-08 18-May-08 25-May-08 01-Jun-08 08-Jun-08 15-Jun-08 22-Jun-08 29-Jun-08 06-Jul-08 13-Jul-08 20-Jul-08 27-Jul-08 03-Aug-08 10-Aug-08 17-Aug-08 24-Aug-08 31-Aug-08 07-Sep-08 14-Sep-08 21-Sep-08 28-Sep-08 05-Oct-08 12-Oct-08 19-Oct-08 26-Oct-08 02-Nov-08 09-Nov-08 16-Nov-08 23-Nov-08 30-Nov-08 07-Dec-08 14-Dec-08 21-Dec-08 28-Dec-08 04-Jan-09 11-Jan-09 18-Jan-09 25-Jan-09 01-Feb-09 Monthly Normal Peak Date 08-Apr-00 15-Apr-88 20-Apr-78 28-Apr-79 01-May-79 11-May-90 21-May-06 26-May-89 31-May-85 26-Jun-90 22-Jun-06 09-Jun-84 09-Jun-04 21-Jul-78 08-Jul-94 06-Jul-93 07-Jul-81 13-Jul-98 06-Aug-83 15-Aug-78 02-Aug-00 05-Aug-96 08-Sep-91 11-Sep-78 21-Sep-80 27-Sep-94 30-Sep-92 07-Oct-81 17-Oct-03 29-Oct-83 30-Oct-92 11-Nov-79 20-Nov-93 22-Nov-97 30-Nov-86 16-Dec-02 27-Dec-90 30-Dec-81 13-Dec-86 28-Dec-99 10-Jan-79 21-Jan-91 09-Jan-78 11-Jan-79 Monthly Normal Temperature (°C) 0.2 5.0 3.4 6.0 7.1 11.4 8.7 24.8 23.5 27.9 30.6 29.3 31.3 29.2 29.6 30.2 30.9 29.8 30.8 28.9 27.5 28.0 26.1 29.6 26.8 19.5 9.5 9.5 9.8 5.6 4.0 3.8 1.0 -2.0 -2.0 -7.1 -7.4 -4.1 -6.0 -4.3 -8.8 -13.5 -13.0 -8.7 Normal Wind Speed (km/hr) 38 26 27 10 26 35 42 30 28 26 27 19 27 13 20 29 13 14 9 15 22 12 11 19 19 16 17 40 19 25 10 16 36 11 14 26 4 13 20 25 28 21 37 18 Extreme Peak Date 06-Apr-82 07-Apr-03 17-Apr-02 27-Apr-90 06-May-00 09-May-79 19-May-96 23-May-75 30-May-06 13-Jun-05 16-Jun-94 18-Jun-94 17-Jun-94 16-Jul-99 03-Jul-02 14-Jul-95 01-Jul-02 04-Jul-02 01-Aug-06 02-Aug-06 14-Aug-88 05-Aug-88 03-Sep-73 09-Sep-02 16-Sep-91 22-Sep-70 01-Oct-02 12-Oct-88 20-Oct-74 26-Oct-79 07-Nov-93 12-Nov-95 13-Nov-86 21-Nov-87 03-Dec-89 14-Dec-89 24-Dec-89 15-Dec-89 27-Dec-93 26-Dec-93 26-Jan-94 15-Jan-94 10-Jan-82 16-Jan-94 Extreme Temperature (°C) -7.4 -2.0 28.2 29.4 30.1 29.7 28.8 27.8 32.8 29.8 32.5 35.2 32.6 33.8 34.7 36.7 35.1 31.8 36.4 33.1 33.5 31.4 32.8 33.5 31.2 26.7 28.8 4.6 2.2 2.5 2.6 0.5 -4.2 -8.0 -9.2 -10.1 -9.1 -8.5 -9.5 -17.0 -17.7 -21.4 -15.8 -13.8 Extreme Wind Speed (km/hr) 38 36 22 20 29 22 39 7 14 13 11 10 13 25 21 17 15 26 33 20 24 21 9 15 30 21 34 24 27 27 26 34 12 23 35 15 26 18 23 33 22 20 41 15 (Table 3.2 continued) March 12, 2008 Public Page 11 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Week Ending 08-Feb-09 15-Feb-09 22-Feb-09 01-Mar-09 08-Mar-09 15-Mar-09 22-Mar-09 29-Mar-09 05-Apr-09 12-Apr-09 19-Apr-09 26-Apr-09 03-May-09 10-May-09 17-May-09 24-May-09 31-May-09 07-Jun-09 14-Jun-09 21-Jun-09 28-Jun-09 05-Jul-09 12-Jul-09 19-Jul-09 26-Jul-09 02-Aug-09 09-Aug-09 16-Aug-09 23-Aug-09 30-Aug-09 06-Sep-09 13-Sep-09 20-Sep-09 27-Sep-09 Monthly Normal Peak Date 15-Feb-91 29-Feb-92 04-Feb-89 26-Feb-86 08-Mar-95 12-Mar-01 24-Mar-90 25-Mar-80 08-Apr-00 15-Apr-88 20-Apr-78 28-Apr-79 01-May-79 11-May-90 21-May-06 26-May-89 31-May-85 25-Jun-90 22-Jun-06 09-Jun-84 09-Jun-04 21-Jul-78 08-Jul-94 06-Jul-93 07-Jul-81 13-Jul-98 06-Aug-83 15-Aug-78 02-Aug-00 05-Aug-96 08-Sep-91 11-Sep-78 21-Sep-80 27-Sep-94 Monthly Normal Temperature (°C) -13.5 -8.7 -7.5 -8.0 -5.5 -2.4 -1.5 2.5 0.2 5.0 3.4 6.0 7.1 11.4 8.7 24.8 23.5 25.6 30.6 29.3 31.3 29.2 29.6 30.2 30.9 29.8 30.8 28.9 27.5 28.0 26.1 29.6 26.8 19.5 Normal Wind Speed (km/hr) 37 21 4 0 24 33 12 26 38 26 27 10 26 35 42 30 28 15 27 19 27 13 20 29 13 14 9 15 22 12 11 19 19 16 Extreme Peak Date 05-Feb-95 06-Feb-95 11-Feb-79 13-Feb-79 03-Mar-03 12-Mar-84 20-Mar-86 25-Mar-02 06-Apr-82 07-Apr-03 17-Apr-02 27-Apr-90 06-May-00 09-May-79 19-May-96 23-May-75 30-May-06 24-Jun-05 16-Jun-94 18-Jun-94 17-Jun-94 16-Jul-99 03-Jul-02 14-Jul-95 01-Jul-02 04-Jul-02 01-Aug-06 02-Aug-06 14-Aug-88 05-Aug-88 03-Sep-73 09-Sep-02 16-Sep-91 22-Sep-70 Extreme Temperature (°C) -17.6 -15.4 -17.2 -17.0 -14.3 -11.3 -11.1 -3.5 -7.4 -2.0 28.2 29.4 30.1 29.7 28.8 27.8 32.8 34.0 32.5 35.2 32.6 33.8 34.7 36.7 35.1 31.8 36.4 33.1 33.5 31.4 32.8 33.5 31.2 26.7 Extreme Wind Speed (km/hr) 41 19 2 16 6 7 29 15 38 36 22 20 29 22 39 7 14 24 11 10 13 25 21 17 15 26 33 20 24 21 9 15 30 21 3.4 Conservation and Demand Management The Outlook contains different forecasts of demand as they relate to conservation and demand management. The Firm scenario only includes existing conservation and demand management. The Planned scenario includes the incremental conservation and demand management impacts from the OPA’s conservation targets. Table 3.2 shows how the various conservation and demand management components are treated within the Outlook. Of note is the fact that conservation is decremented from demand whereas demand response programs are treated as resources. Table 3.3: Conservation and Demand Management Conservation and Demand Management Components Firm Scenario Planned Scenario Treatment Conservation OPA Demand Response 1 OPA Demand Response 2 OPA Demand Response 3 OPA Contracted Demand Response IESO Dispatchable Demand Existing levels included Existing levels included None None Existing levels included Existing levels included Targeted levels included Targeted levels included Targeted levels included Targeted levels included Existing levels included Existing levels included Decrement demand Resource Resource Resource Resource Resource Demand response includes loads in the Dispatchable Loads, Hour Ahead Dispatchable Load and OPA Demand Response programs and other loads that have contracted with the OPA. The Firm Resource scenario includes the total capacity of programs currently in place. That total capacity March 12, 2008 Public Page 12 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast is discounted – based on historical and contract data - to reflect their reliably available capacity. The Planned Resource scenario includes all existing programs and those slated to become active during the forecast horizon. The total capacity of these programs is once again discounted to reflect the anticipated available capacity at the time of the weekly peak. Conservation includes reductions due to energy efficiency, fuel switching and self-generation. These impacts are the results of actions that lead to permanent reductions, not the response to a signal or market condition to temporarily shift or reduce consumption. - End of Section - March 12, 2008 Public Page 13 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast This page intentionally left blank. March 12, 2008 Public Page 14 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast 4.0 Demand Forecast This section presents information for the total system; information for the individual zones can be found in Appendices A and B. Figure 4.1 shows the weekly history and forecast of energy demand. The forecast includes bands that “bracket” the low and high energy forecasts. This range represents the load forecast uncertainty due to the variation in weather. The graph shows both the Firm and Planned scenarios under the Normal weather forecast. Figure 4.1: Weekly Energy Demand – History and Forecast 3,600 Weather Corrected 3,400 Firm Scenario Actual MWh 3,200 3,000 2,800 2,600 Planned Scenario 2,400 20-Sep-09 14-Jun-09 8-Mar-09 30-Nov-08 24-Aug-08 18-May-08 10-Feb-08 4-Nov-07 29-Jul-07 22-Apr-07 14-Jan-07 8-Oct-06 2,200 Figure 4.2 shows the history and forecast of weekly peak demands. The forecast bands show the range of potential outcomes due to weather variability. Within the bands the Firm and Planned scenarios are shown. Both scenarios are based on Monthly Normal weather. Generally it is the top half of the range that is the focus of the analysis in the resource and transmission assessments. The resource adequacy assessments take into consideration the full range of possible weather conditions on a probabilistic basis for each week. Allowance for the probability of demand being higher than that under normal weather is made in the calculation of the required reserve. March 12, 2008 Public Page 15 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Figure 4.2: Weekly Peak Demand Forecast – History and Forecast 28,000 Weather Corrected Firm Scenario Actual 26,000 MW 24,000 22,000 20,000 18,000 20-Sep-09 14-Jun-09 30-Nov-08 24-Aug-08 18-May-08 10-Feb-08 4-Nov-07 29-Jul-07 22-Apr-07 14-Jan-07 8-Oct-06 16,000 8-Mar-09 Planned Scenario Table 4.1 contains the weekly forecast of energy and peak demand. The table includes the Monthly Normal weather peak day temperature for Toronto, Monthly Normal peak demands and Monthly Normal energy demand for both the Firm and Planned scenarios. Demand values in the table are prior to any demand response measures as those are treated as a resource in the reliability assessment. Demand measures include loads in the Dispatchable Loads, Hour Ahead Dispatchable Load and OPA Demand Response programs and contracted loads. The impact of targeted conservation is included in the Planned Resource scenario. Table 4.1: Forecasted Ontario Weekly Demand Week Ending 06-Apr-08 13-Apr-08 20-Apr-08 27-Apr-08 04-May-08 11-May-08 18-May-08 25-May-08 01-Jun-08 08-Jun-08 15-Jun-08 22-Jun-08 29-Jun-08 06-Jul-08 13-Jul-08 20-Jul-08 27-Jul-08 03-Aug-08 Firm Resource Scenario Planned Resource Scenario Normal Peak Monthly Monthly Extreme Peak Extreme Peak Day Normal Peak Normal Normal Peak Normal Demand Demand Temperature Demand Energy (GWh) Demand Energy (GWh) (MW) (MW) (°C) (MW) (MW) 0.2 20,604 22,276 2,814 20,048 21,720 2,799 5.0 19,719 20,903 2,752 19,169 20,352 2,737 3.4 19,708 22,161 2,729 19,147 21,600 2,714 6.0 19,190 22,153 2,685 18,655 21,618 2,669 7.1 19,241 21,850 2,674 18,732 21,341 2,660 11.4 19,717 22,438 2,661 19,254 21,975 2,647 8.7 20,039 21,883 2,677 19,580 21,423 2,663 24.8 20,403 22,769 2,614 19,950 22,317 2,599 23.5 20,711 23,898 2,722 20,211 23,398 2,708 27.9 21,553 24,438 2,726 21,030 23,914 2,710 30.6 23,551 25,890 2,810 23,006 25,345 2,795 29.3 24,555 27,015 2,904 23,892 26,352 2,887 31.3 24,042 26,648 2,947 23,493 26,099 2,931 29.2 23,968 25,685 2,912 23,392 25,110 2,896 29.6 24,945 26,763 2,939 24,292 26,110 2,921 30.2 25,493 27,748 3,073 24,892 27,147 3,056 30.9 24,657 26,630 3,006 24,039 26,013 2,990 29.8 23,695 25,388 2,987 23,107 24,800 2,971 March 12, 2008 Public Page 16 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast (Table 4.1 continued) Week Ending 10-Aug-08 17-Aug-08 24-Aug-08 31-Aug-08 07-Sep-08 14-Sep-08 21-Sep-08 28-Sep-08 05-Oct-08 12-Oct-08 19-Oct-08 26-Oct-08 02-Nov-08 09-Nov-08 16-Nov-08 23-Nov-08 30-Nov-08 07-Dec-08 14-Dec-08 21-Dec-08 28-Dec-08 04-Jan-09 11-Jan-09 18-Jan-09 25-Jan-09 01-Feb-09 08-Feb-09 15-Feb-09 22-Feb-09 01-Mar-09 08-Mar-09 15-Mar-09 22-Mar-09 29-Mar-09 05-Apr-09 12-Apr-09 19-Apr-09 26-Apr-09 03-May-09 10-May-09 17-May-09 24-May-09 31-May-09 07-Jun-09 14-Jun-09 21-Jun-09 28-Jun-09 05-Jul-09 12-Jul-09 19-Jul-09 26-Jul-09 02-Aug-09 09-Aug-09 16-Aug-09 23-Aug-09 30-Aug-09 06-Sep-09 13-Sep-09 20-Sep-09 27-Sep-09 Firm Resource Scenario Planned Resource Scenario Normal Peak Monthly Monthly Extreme Peak Extreme Peak Normal Normal Day Normal Peak Normal Peak Demand Demand Energy (GWh) Energy (GWh) Temperature Demand Demand (MW) (MW) (°C) (MW) (MW) 30.8 24,714 27,661 2,980 24,175 27,122 2,963 28.9 24,418 26,833 3,007 23,847 26,262 2,992 27.5 23,468 26,091 2,939 22,908 25,531 2,923 28.0 23,954 26,184 2,961 23,382 25,612 2,945 26.1 22,534 26,012 2,778 22,028 25,507 2,764 29.6 21,668 25,777 2,732 21,139 25,248 2,717 26.8 20,768 24,867 2,718 20,194 24,294 2,702 19.5 20,203 23,299 2,666 19,701 22,797 2,651 9.5 19,387 22,678 2,681 18,901 22,192 2,667 9.5 19,628 20,293 2,720 19,170 19,835 2,706 9.8 20,039 20,962 2,702 19,569 20,492 2,687 5.6 20,499 21,258 2,821 20,029 20,787 2,806 4.0 21,201 21,890 2,828 20,686 21,375 2,813 3.8 21,437 22,237 2,864 20,860 21,660 2,849 1.0 21,998 22,932 2,922 21,439 22,373 2,906 -2.0 22,414 23,429 2,971 21,868 22,883 2,956 -2.0 22,432 23,917 2,993 21,845 23,330 2,977 -7.1 23,348 24,602 3,078 22,732 23,987 3,062 -7.4 23,522 24,632 3,055 22,886 23,995 3,038 -4.1 23,329 24,637 3,088 22,700 24,008 3,072 -6.0 22,790 24,056 2,949 22,200 23,466 2,933 -4.3 21,804 23,110 2,958 21,208 22,514 2,931 -8.8 23,941 24,938 3,184 23,074 24,071 3,145 -13.5 24,335 25,400 3,248 23,441 24,507 3,208 -13.0 24,114 25,290 3,197 23,207 24,383 3,154 -8.7 23,783 24,931 3,199 22,874 24,021 3,156 -13.5 23,885 25,011 3,235 23,009 24,135 3,196 -8.7 23,539 24,584 3,183 22,665 23,710 3,143 -7.5 23,376 24,296 3,131 22,513 23,432 3,091 -8.0 22,882 24,134 3,135 21,994 23,246 3,096 -5.5 22,413 23,941 3,077 21,541 23,069 3,038 -2.4 21,912 23,262 3,018 21,055 22,405 2,979 -1.5 21,548 22,792 2,963 20,702 21,947 2,925 2.5 20,899 22,173 2,864 20,056 21,330 2,827 0.2 20,722 22,429 2,832 19,885 21,592 2,795 5.0 19,807 20,991 2,717 19,021 20,206 2,681 3.4 19,820 22,342 2,743 19,046 21,568 2,707 6.0 19,295 22,356 2,698 18,504 21,564 2,663 7.1 19,346 22,047 2,689 18,567 21,268 2,653 11.4 19,921 22,634 2,675 19,250 21,963 2,641 8.7 20,227 22,064 2,690 19,541 21,379 2,656 24.8 20,590 22,957 2,628 19,930 22,297 2,594 23.5 20,905 24,079 2,736 20,243 23,417 2,701 25.6 21,417 24,555 2,731 20,699 23,837 2,696 30.6 23,744 26,083 2,827 22,990 25,329 2,790 29.3 24,712 27,171 2,890 23,934 26,394 2,853 31.3 24,227 26,833 2,938 23,299 25,905 2,896 29.2 23,312 25,388 2,928 22,459 24,535 2,889 29.6 25,172 26,989 2,962 24,354 26,171 2,923 30.2 25,684 27,939 3,096 24,754 27,009 3,052 30.9 24,840 26,813 3,021 23,985 25,958 2,979 29.8 23,860 25,553 3,018 22,991 24,684 2,978 30.8 24,887 27,834 2,996 24,048 26,995 2,956 28.9 24,584 26,999 3,028 23,811 26,226 2,988 27.5 23,633 26,256 2,961 22,820 25,444 2,924 28.0 24,119 26,350 2,979 23,323 25,554 2,941 26.1 22,724 26,262 2,855 21,912 25,450 2,817 29.6 21,860 25,907 2,688 21,128 25,175 2,653 26.8 20,957 25,058 2,732 20,197 24,298 2,695 19.5 20,382 23,478 2,678 19,606 22,703 2,641 March 12, 2008 Public Page 17 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast 4.1 Comparison of Current and Previous Forecast This section compares the current forecast with that released in December 2007. The inclusion of actuals and the associated impact of conservation and economic factors have had the biggest impact compared with the previous forecast. Table 4.2 summarizes the changes to the forecast based on the Firm scenario. Table 4.2: Current Firm Resource Scenario versus Previous Firm Resource Scenario Season Energy Demand Monthly Normal Peak Demand Extreme Weather Peak Demand (GWh) (MW) (MW) Spring 2008 36,657 22,490 24,017 Difference (Current - Previous) -187 0 0 Summer 2008 38,540 25,493 27,748 Difference (Current - Previous) -352 -306 -119 Fall 2008 36,396 22,534 26,012 Difference (Current - Previous) -545 -448 -138 Winter 2008-09 40,241 24,335 25,400 Difference (Current - Previous) -452 -391 -356 Spring 2009 36,726 22,413 25,400 Difference (Current - Previous) -441 -358 -356 - End of Section - March 12, 2008 Public Page 18 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Appendix A Energy Demand Forecast Details Table A1: Weekly Zonal Energy Forecast, Monthly Normal Weather, Firm Resource Scenario Weeky Normal Energy (GWh) - Firm Resources Scenario Week Ending Northwest Northeast East Essa Ottawa Toronto Niagara Bruce Southwest West 06-Apr-08 13-Apr-08 20-Apr-08 27-Apr-08 04-May-08 11-May-08 18-May-08 25-May-08 01-Jun-08 08-Jun-08 15-Jun-08 22-Jun-08 29-Jun-08 06-Jul-08 13-Jul-08 20-Jul-08 27-Jul-08 03-Aug-08 10-Aug-08 17-Aug-08 24-Aug-08 31-Aug-08 07-Sep-08 14-Sep-08 21-Sep-08 28-Sep-08 05-Oct-08 12-Oct-08 19-Oct-08 26-Oct-08 02-Nov-08 09-Nov-08 16-Nov-08 23-Nov-08 30-Nov-08 07-Dec-08 14-Dec-08 21-Dec-08 28-Dec-08 04-Jan-09 11-Jan-09 18-Jan-09 25-Jan-09 01-Feb-09 08-Feb-09 15-Feb-09 22-Feb-09 01-Mar-09 08-Mar-09 15-Mar-09 22-Mar-09 29-Mar-09 05-Apr-09 12-Apr-09 19-Apr-09 26-Apr-09 03-May-09 10-May-09 17-May-09 24-May-09 31-May-09 108 107 105 105 106 103 102 101 101 103 106 106 105 98 103 103 102 104 104 106 106 105 100 102 101 103 103 105 108 109 110 114 114 114 116 116 117 121 105 108 123 120 124 124 123 120 121 122 110 110 107 106 104 102 103 104 100 100 99 99 101 236 231 226 219 213 209 211 210 207 203 201 201 200 198 199 201 201 203 208 213 216 221 217 216 214 213 221 222 228 235 237 239 241 245 250 250 256 259 241 248 265 264 265 263 261 259 255 253 250 245 239 237 232 227 221 215 210 211 211 208 205 179 172 172 166 164 164 163 162 167 164 170 173 178 176 177 184 179 178 177 178 174 175 162 157 154 154 159 163 166 175 177 181 187 192 195 204 204 204 205 205 222 228 220 223 224 219 212 211 201 193 181 178 169 170 164 163 163 161 160 166 163 155 153 154 150 149 150 146 143 146 142 147 150 156 154 154 163 160 159 156 157 153 152 139 133 128 127 132 138 143 153 157 153 159 164 167 175 176 176 180 182 192 198 192 196 197 193 187 187 177 171 161 159 154 158 154 154 155 152 149 153 147 215 207 206 199 198 201 198 197 204 203 210 214 221 220 224 232 222 222 223 228 226 224 205 204 204 209 209 209 209 218 217 226 226 230 231 239 240 237 247 239 258 263 254 259 257 251 244 244 243 235 223 218 206 208 201 200 203 200 199 206 205 944 919 915 903 905 904 921 892 943 945 983 1,034 1,058 1,030 1,056 1,106 1,079 1,072 1,057 1,052 1,020 1,038 966 946 941 915 911 927 903 944 949 955 978 995 998 1,031 1,014 1,025 967 970 1,047 1,070 1,049 1,049 1,067 1,050 1,036 1,041 1,002 989 956 950 903 918 907 908 907 924 896 947 945 96 95 94 93 92 93 93 92 98 100 101 108 110 112 110 118 114 111 114 117 113 112 107 101 101 96 92 93 92 96 95 96 98 98 100 102 101 103 92 94 102 105 105 103 105 104 103 104 99 97 96 95 91 93 92 91 91 92 91 97 97 11 10 10 9 9 8 8 8 8 7 8 8 9 9 8 7 7 7 7 8 8 8 8 8 9 9 9 9 9 10 10 11 11 11 12 12 12 12 13 12 13 13 13 13 13 13 12 12 12 12 11 11 11 10 10 9 9 8 8 8 8 565 554 550 544 542 536 537 518 539 538 557 570 577 568 573 596 586 585 582 584 574 582 545 547 546 537 547 553 548 575 575 581 593 602 603 620 611 618 587 590 633 647 637 638 649 640 629 629 604 596 578 573 550 557 551 549 542 544 525 544 545 305 304 299 296 295 294 297 290 310 320 327 341 333 348 336 363 355 345 352 364 350 344 331 318 320 304 298 299 295 305 302 309 316 319 321 328 322 332 311 310 330 338 337 332 338 333 331 332 320 317 310 306 298 299 297 296 294 298 291 310 315 March 12, 2008 Public Total System 2,814 2,752 2,729 2,685 2,674 2,661 2,677 2,614 2,722 2,726 2,810 2,904 2,947 2,912 2,939 3,073 3,006 2,987 2,980 3,007 2,939 2,961 2,778 2,732 2,718 2,666 2,681 2,720 2,702 2,821 2,828 2,864 2,922 2,971 2,993 3,078 3,055 3,088 2,949 2,958 3,184 3,248 3,197 3,199 3,235 3,183 3,131 3,135 3,018 2,963 2,864 2,832 2,717 2,743 2,698 2,689 2,675 2,690 2,628 2,736 2,731 Page 19 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast (Table A1 continued) Weeky Normal Energy (GWh) - Firm Resources Scenario Week Ending Northwest Northeast East Essa Ottawa Toronto Niagara Bruce Southwest West 07-Jun-09 14-Jun-09 21-Jun-09 28-Jun-09 05-Jul-09 12-Jul-09 19-Jul-09 26-Jul-09 02-Aug-09 09-Aug-09 16-Aug-09 23-Aug-09 30-Aug-09 06-Sep-09 13-Sep-09 20-Sep-09 27-Sep-09 102 103 102 95 100 101 100 100 102 103 104 103 101 96 99 100 100 203 201 200 198 199 201 202 203 207 211 214 221 220 215 215 213 221 166 171 174 174 175 184 179 178 176 177 172 174 163 154 152 153 156 150 156 159 159 159 169 166 165 162 162 157 158 147 135 133 132 135 209 216 221 220 225 233 227 226 226 229 226 228 209 203 205 211 211 990 1,016 1,047 1,041 1,067 1,120 1,078 1,085 1,061 1,066 1,033 1,039 996 926 945 918 913 102 107 110 110 110 116 114 111 113 116 112 111 108 98 100 95 91 8 8 9 9 8 8 7 7 8 8 8 8 8 8 9 9 10 565 567 577 577 582 604 589 594 588 594 583 587 564 541 553 543 552 331 344 338 344 337 360 358 348 353 363 351 347 338 312 321 304 298 Total System 2,827 2,890 2,938 2,928 2,962 3,096 3,021 3,018 2,996 3,028 2,961 2,979 2,855 2,688 2,732 2,678 2,685 Table A2: Weekly Zonal Energy Forecast, Monthly Normal Weather, Planned Resource Scenario Weeky Normal Energy (GWh) - Planned Resources Scenario Week Ending Northwest Northeast East Essa Ottawa Toronto Niagara Bruce Southwest West 06-Apr-08 13-Apr-08 20-Apr-08 27-Apr-08 04-May-08 11-May-08 18-May-08 25-May-08 01-Jun-08 08-Jun-08 15-Jun-08 22-Jun-08 29-Jun-08 06-Jul-08 13-Jul-08 20-Jul-08 27-Jul-08 03-Aug-08 10-Aug-08 17-Aug-08 24-Aug-08 31-Aug-08 07-Sep-08 14-Sep-08 21-Sep-08 28-Sep-08 05-Oct-08 12-Oct-08 19-Oct-08 26-Oct-08 02-Nov-08 09-Nov-08 16-Nov-08 23-Nov-08 30-Nov-08 108 106 104 105 106 103 102 101 101 103 105 105 105 97 102 102 102 103 104 105 106 105 99 102 101 102 102 104 108 109 109 113 113 114 116 235 230 225 218 212 208 210 209 206 202 200 200 199 197 198 200 200 202 207 212 215 220 216 215 213 212 220 221 227 234 236 238 240 244 249 178 172 171 165 163 164 162 161 166 163 169 172 177 175 176 183 178 177 176 177 174 174 161 156 153 153 158 162 165 174 177 180 186 192 194 154 152 153 149 148 149 145 142 146 141 146 149 155 153 153 162 159 158 155 156 152 151 138 132 127 126 131 137 142 153 156 152 158 163 166 214 206 205 197 197 199 197 196 202 202 209 212 219 218 222 230 221 221 222 227 224 222 204 203 203 208 208 208 208 217 215 224 225 229 230 938 913 909 898 900 898 916 887 938 939 977 1,027 1,052 1,023 1,049 1,099 1,073 1,066 1,051 1,046 1,014 1,032 961 940 935 909 906 922 897 939 943 949 972 989 992 96 94 93 93 92 92 93 92 97 99 101 107 110 112 110 117 114 111 113 117 113 111 106 101 101 96 92 93 91 95 94 95 97 98 99 11 10 10 9 9 8 8 8 8 7 8 8 9 9 8 7 7 7 7 8 8 8 8 8 9 9 9 9 9 10 10 11 11 11 12 562 551 547 541 539 533 534 515 536 535 554 566 574 565 569 592 582 582 579 581 571 579 542 544 543 534 544 550 545 573 572 578 590 599 600 303 302 297 295 294 292 296 289 309 318 325 340 332 346 334 361 354 344 351 362 348 342 330 316 319 303 296 298 293 303 301 308 314 317 320 March 12, 2008 Public Total System 2,799 2,737 2,714 2,669 2,660 2,647 2,663 2,599 2,708 2,710 2,795 2,887 2,931 2,896 2,921 3,056 2,990 2,971 2,963 2,992 2,923 2,945 2,764 2,717 2,702 2,651 2,667 2,706 2,687 2,806 2,813 2,849 2,906 2,956 2,977 Page 20 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast (Table A2 continued) Weeky Normal Energy (GWh) - Planned Resources Scenario Week Ending Northwest Northeast East Essa Ottawa Toronto Niagara Bruce Southwest West 07-Dec-08 14-Dec-08 21-Dec-08 28-Dec-08 04-Jan-09 11-Jan-09 18-Jan-09 25-Jan-09 01-Feb-09 08-Feb-09 15-Feb-09 22-Feb-09 01-Mar-09 08-Mar-09 15-Mar-09 22-Mar-09 29-Mar-09 05-Apr-09 12-Apr-09 19-Apr-09 26-Apr-09 03-May-09 10-May-09 17-May-09 24-May-09 31-May-09 07-Jun-09 14-Jun-09 21-Jun-09 28-Jun-09 05-Jul-09 12-Jul-09 19-Jul-09 26-Jul-09 02-Aug-09 09-Aug-09 16-Aug-09 23-Aug-09 30-Aug-09 06-Sep-09 13-Sep-09 20-Sep-09 27-Sep-09 116 117 120 105 107 121 119 123 122 122 119 120 121 115 109 108 106 104 103 101 101 102 99 98 97 97 100 101 102 101 94 99 99 99 99 101 102 102 102 100 95 97 98 249 255 258 240 246 262 261 262 261 258 256 253 250 249 247 243 237 235 229 225 219 213 207 209 208 205 203 200 199 197 196 197 199 200 200 204 208 212 219 217 213 212 211 204 204 203 204 203 219 226 218 221 222 216 210 208 202 199 191 179 175 167 168 162 161 161 159 158 164 161 164 169 172 172 173 182 177 176 174 175 170 172 161 152 150 150 174 175 175 180 180 189 196 189 193 195 191 185 184 179 174 168 159 157 152 156 152 152 153 150 146 151 145 148 153 156 157 156 167 164 163 159 160 155 156 145 133 130 129 237 239 236 246 237 254 260 250 255 254 248 241 241 233 240 231 220 215 203 205 198 198 200 198 196 203 202 206 213 217 217 222 230 224 223 223 226 223 225 206 200 202 208 1,025 1,007 1,019 961 960 1,033 1,055 1,033 1,033 1,052 1,035 1,021 1,027 1,010 988 974 942 936 889 905 893 895 895 912 883 934 931 977 1,002 1,031 1,026 1,053 1,103 1,062 1,069 1,046 1,051 1,020 1,025 982 913 932 904 101 100 103 91 93 101 104 104 102 104 103 102 102 101 98 96 95 94 90 91 91 90 90 91 90 96 96 101 106 109 109 108 115 113 109 112 115 111 110 107 97 99 94 12 12 12 13 12 13 13 13 13 13 13 12 12 12 12 12 11 11 11 10 10 9 9 8 8 8 8 8 8 9 9 8 8 7 7 8 8 8 8 8 8 9 9 617 608 615 584 585 625 639 628 629 641 632 622 622 611 597 589 571 566 543 550 543 542 536 537 518 537 538 558 560 570 570 574 595 581 587 580 586 576 580 557 534 546 536 327 321 330 310 307 327 335 334 328 334 330 327 328 326 316 313 307 302 294 296 293 292 291 295 288 306 311 327 341 334 340 333 355 353 344 349 359 347 344 334 309 317 301 Total System 3,062 3,038 3,072 2,933 2,931 3,145 3,208 3,154 3,156 3,196 3,143 3,091 3,096 3,038 2,979 2,925 2,827 2,795 2,681 2,707 2,663 2,653 2,641 2,656 2,594 2,701 2,696 2,790 2,853 2,896 2,889 2,923 3,052 2,979 2,978 2,956 2,988 2,924 2,941 2,817 2,653 2,695 2,641 - 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March 12, 2008 Public Page 22 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Appendix B Peak Demand Forecast Details Table B1: Weekly Zonal Coincident Peak Demand Forecast, Monthly Normal Weather, Firm Resources Scenario Week Ending 06-Apr-08 13-Apr-08 20-Apr-08 27-Apr-08 04-May-08 11-May-08 18-May-08 25-May-08 01-Jun-08 08-Jun-08 15-Jun-08 22-Jun-08 29-Jun-08 06-Jul-08 13-Jul-08 20-Jul-08 27-Jul-08 03-Aug-08 10-Aug-08 17-Aug-08 24-Aug-08 31-Aug-08 07-Sep-08 14-Sep-08 21-Sep-08 28-Sep-08 05-Oct-08 12-Oct-08 19-Oct-08 26-Oct-08 02-Nov-08 09-Nov-08 16-Nov-08 23-Nov-08 30-Nov-08 07-Dec-08 14-Dec-08 21-Dec-08 28-Dec-08 04-Jan-09 11-Jan-09 18-Jan-09 25-Jan-09 01-Feb-09 08-Feb-09 15-Feb-09 22-Feb-09 01-Mar-09 08-Mar-09 15-Mar-09 22-Mar-09 29-Mar-09 05-Apr-09 12-Apr-09 19-Apr-09 26-Apr-09 03-May-09 10-May-09 17-May-09 24-May-09 31-May-09 Hourly Coincident Peak Demand (MW) - Firm Resource Scenario Northwest Northeast 663 644 644 720 720 674 653 644 658 696 687 691 669 629 669 671 684 678 700 689 690 690 658 646 627 667 652 620 676 658 682 700 724 722 727 745 762 782 672 668 766 748 775 764 745 750 781 724 707 681 664 641 639 620 621 620 622 661 638 626 645 March 12, 2008 1,531 1,465 1,475 1,410 1,379 1,321 1,275 1,351 1,316 1,360 1,328 1,326 1,266 1,271 1,311 1,321 1,305 1,326 1,346 1,407 1,407 1,438 1,401 1,390 1,307 1,366 1,376 1,424 1,459 1,514 1,552 1,549 1,552 1,644 1,640 1,644 1,692 1,716 1,580 1,740 1,739 1,725 1,753 1,730 1,705 1,689 1,649 1,592 1,592 1,623 1,589 1,551 1,533 1,465 1,486 1,430 1,378 1,329 1,280 1,355 1,324 East Essa Ottawa Toronto Niagara Bruce Southwest West 1,349 1,247 1,263 1,198 1,198 1,224 1,154 1,214 1,229 1,275 1,369 1,428 1,381 1,383 1,458 1,498 1,433 1,394 1,443 1,441 1,369 1,396 1,258 1,156 1,053 1,120 1,157 1,223 1,275 1,347 1,403 1,421 1,492 1,521 1,541 1,654 1,652 1,640 1,676 1,613 1,762 1,807 1,769 1,730 1,727 1,706 1,649 1,595 1,531 1,485 1,424 1,353 1,336 1,234 1,250 1,168 1,197 1,224 1,154 1,219 1,229 1,192 1,082 1,122 1,090 1,124 1,120 1,044 1,113 1,123 1,165 1,267 1,343 1,287 1,283 1,378 1,448 1,367 1,327 1,371 1,363 1,281 1,286 1,131 1,019 897 945 981 1,061 1,106 1,181 1,218 1,196 1,293 1,298 1,346 1,455 1,449 1,435 1,499 1,476 1,552 1,591 1,574 1,512 1,535 1,524 1,448 1,445 1,411 1,356 1,295 1,220 1,222 1,110 1,148 1,062 1,130 1,157 1,087 1,153 1,164 1,719 1,612 1,617 1,403 1,406 1,478 1,367 1,481 1,468 1,568 1,681 1,745 1,699 1,713 1,825 1,895 1,763 1,708 1,818 1,861 1,758 1,777 1,541 1,465 1,352 1,537 1,570 1,594 1,628 1,697 1,702 1,741 1,794 1,831 1,841 1,945 1,935 1,895 2,027 1,933 2,021 2,073 2,029 2,071 1,985 2,010 1,963 1,915 1,823 1,928 1,834 1,785 1,748 1,641 1,645 1,540 1,541 1,494 1,382 1,493 1,482 7,088 6,788 6,776 6,633 6,647 7,117 7,527 7,613 7,703 8,037 8,953 9,283 9,241 8,993 9,608 9,640 9,337 9,059 9,274 9,037 8,649 8,909 8,419 8,080 7,833 7,366 6,795 6,790 6,900 6,997 7,312 7,367 7,490 7,724 7,560 7,896 7,939 7,828 7,603 7,082 7,997 8,185 8,013 7,945 8,036 7,926 7,925 7,827 7,672 7,414 7,396 7,154 7,121 6,821 6,803 6,699 6,715 7,187 7,588 7,681 7,767 685 661 636 645 645 672 695 698 719 746 828 926 911 928 910 974 951 838 938 925 885 900 868 842 818 761 683 652 659 670 690 697 724 720 757 765 784 784 719 684 776 777 806 762 790 748 759 736 732 693 676 681 673 649 625 619 613 668 690 694 714 75 70 68 66 65 49 52 46 49 48 58 61 62 73 60 57 53 54 56 56 58 59 57 57 55 50 61 66 67 71 73 75 80 81 84 92 92 88 95 86 92 95 94 92 94 90 87 84 82 83 81 77 77 73 71 66 66 52 55 48 52 4,123 4,004 4,012 3,892 3,905 3,893 3,983 3,930 4,080 4,200 4,649 4,772 4,717 4,747 4,863 4,929 4,758 4,640 4,826 4,705 4,569 4,665 4,446 4,298 4,196 3,940 3,926 4,080 4,123 4,201 4,360 4,422 4,518 4,528 4,548 4,742 4,740 4,695 4,579 4,337 4,783 4,880 4,796 4,738 4,791 4,715 4,682 4,622 4,520 4,406 4,368 4,224 4,183 4,047 4,066 4,000 4,003 3,962 4,048 3,993 4,146 2,179 2,147 2,095 2,134 2,151 2,169 2,290 2,312 2,366 2,457 2,732 2,981 2,809 2,947 2,862 3,060 3,007 2,671 2,942 2,934 2,802 2,833 2,755 2,715 2,628 2,452 2,186 2,119 2,145 2,163 2,209 2,268 2,330 2,347 2,387 2,410 2,478 2,467 2,338 2,184 2,453 2,455 2,504 2,439 2,478 2,381 2,434 2,341 2,343 2,243 2,221 2,214 2,188 2,145 2,104 2,091 2,080 2,186 2,306 2,327 2,382 Public Total System 20,604 19,719 19,708 19,190 19,241 19,717 20,039 20,403 20,711 21,553 23,551 24,555 24,042 23,968 24,945 25,493 24,657 23,695 24,714 24,418 23,468 23,954 22,534 21,668 20,768 20,203 19,387 19,628 20,039 20,499 21,201 21,437 21,998 22,414 22,432 23,348 23,522 23,329 22,790 21,804 23,941 24,335 24,114 23,783 23,885 23,539 23,376 22,882 22,413 21,912 21,548 20,899 20,722 19,807 19,820 19,295 19,346 19,921 20,227 20,590 20,905 Load Forecast Uncertainty 559 621 554 519 658 249 307 741 1,111 1,068 1,057 1,304 1,467 863 1,030 1,319 887 846 1,004 938 853 725 1,417 1,479 1,358 378 443 368 395 562 573 398 401 545 530 527 474 518 472 477 507 551 518 482 463 496 422 428 912 395 450 286 594 622 532 526 658 150 301 741 1,097 Page 23 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast (Table B1 continued) Week Ending 07-Jun-09 14-Jun-09 21-Jun-09 28-Jun-09 05-Jul-09 12-Jul-09 19-Jul-09 26-Jul-09 02-Aug-09 09-Aug-09 16-Aug-09 23-Aug-09 30-Aug-09 06-Sep-09 13-Sep-09 20-Sep-09 27-Sep-09 Hourly Coincident Peak Demand (MW) - Firm Resource Scenario Northwest Northeast 678 668 681 659 628 653 657 670 658 685 674 675 676 642 632 614 649 1,379 1,345 1,338 1,276 1,285 1,313 1,319 1,298 1,315 1,338 1,398 1,397 1,436 1,422 1,384 1,313 1,373 East Essa Ottawa Toronto Niagara Bruce Southwest West 1,268 1,370 1,444 1,385 1,372 1,462 1,500 1,435 1,393 1,446 1,444 1,372 1,398 1,262 1,162 1,058 1,123 1,181 1,305 1,382 1,323 1,313 1,414 1,477 1,396 1,354 1,406 1,398 1,316 1,321 1,167 1,056 930 976 1,574 1,693 1,783 1,714 1,647 1,844 1,907 1,776 1,714 1,829 1,873 1,770 1,788 1,547 1,473 1,360 1,546 8,017 8,952 9,347 9,302 8,792 9,715 9,726 9,423 9,150 9,349 9,110 8,722 8,978 8,485 8,156 7,906 7,438 703 854 888 897 855 906 970 946 836 933 919 879 894 863 839 815 757 49 59 63 64 76 63 60 55 55 57 58 59 60 59 59 57 53 4,232 4,682 4,845 4,786 4,631 4,930 4,996 4,826 4,702 4,887 4,765 4,629 4,723 4,508 4,364 4,259 4,000 2,336 2,817 2,942 2,823 2,714 2,873 3,072 3,015 2,683 2,956 2,946 2,815 2,845 2,769 2,735 2,646 2,468 Total System 21,417 23,744 24,712 24,227 23,312 25,172 25,684 24,840 23,860 24,887 24,584 23,633 24,119 22,724 21,860 20,957 20,382 Load Forecast Uncertainty 1,070 1,057 1,304 1,467 958 1,030 1,319 887 846 1,004 938 853 725 1,476 1,417 1,359 378 Table B2: Weekly Zonal Coincident Peak Demand Forecast, Monthly Normal Weather, Planned Resources Scenario Week Ending 06-Apr-08 13-Apr-08 20-Apr-08 27-Apr-08 04-May-08 11-May-08 18-May-08 25-May-08 01-Jun-08 08-Jun-08 15-Jun-08 22-Jun-08 29-Jun-08 06-Jul-08 13-Jul-08 20-Jul-08 27-Jul-08 03-Aug-08 10-Aug-08 17-Aug-08 24-Aug-08 31-Aug-08 07-Sep-08 14-Sep-08 21-Sep-08 28-Sep-08 05-Oct-08 12-Oct-08 19-Oct-08 26-Oct-08 02-Nov-08 09-Nov-08 16-Nov-08 23-Nov-08 30-Nov-08 Hourly Coincident Peak Demand (MW) - Planned Resource Scenario Northwest Northeast 647 628 627 756 705 658 606 628 644 682 673 678 655 615 654 657 671 664 686 676 676 677 643 632 613 653 637 605 661 643 666 684 708 729 711 March 12, 2008 1,492 1,426 1,435 1,374 1,344 1,290 1,243 1,321 1,288 1,331 1,298 1,294 1,236 1,240 1,279 1,291 1,274 1,296 1,317 1,377 1,377 1,408 1,372 1,360 1,276 1,336 1,344 1,393 1,427 1,481 1,516 1,509 1,514 1,652 1,601 East Essa Ottawa Toronto Niagara Bruce Southwest West 1,317 1,215 1,231 1,183 1,169 1,199 1,083 1,189 1,203 1,249 1,341 1,393 1,352 1,352 1,423 1,466 1,400 1,363 1,416 1,411 1,339 1,365 1,232 1,128 1,023 1,094 1,130 1,197 1,249 1,321 1,374 1,389 1,461 1,446 1,508 1,156 1,046 1,084 1,124 1,091 1,093 977 1,087 1,096 1,137 1,237 1,303 1,255 1,249 1,340 1,413 1,331 1,293 1,342 1,330 1,248 1,252 1,103 989 863 916 952 1,033 1,077 1,152 1,186 1,158 1,257 1,206 1,309 1,673 1,566 1,569 1,243 1,364 1,439 1,271 1,443 1,423 1,520 1,631 1,683 1,650 1,660 1,766 1,840 1,706 1,654 1,768 1,808 1,707 1,725 1,496 1,417 1,300 1,492 1,529 1,556 1,589 1,658 1,658 1,691 1,748 1,750 1,787 6,877 6,578 6,565 6,415 6,455 6,938 7,498 7,438 7,497 7,821 8,729 9,013 9,020 8,760 9,344 9,396 9,085 8,818 9,050 8,804 8,424 8,678 8,213 7,864 7,602 7,163 6,606 6,613 6,721 6,817 7,114 7,148 7,274 7,627 7,335 667 644 619 645 630 658 687 685 704 730 811 905 894 910 890 955 931 820 922 907 868 883 852 826 800 745 668 638 645 656 674 679 706 690 739 75 70 68 66 65 49 52 46 49 48 58 61 62 73 60 57 53 54 56 56 58 59 57 57 55 50 61 66 67 71 73 75 80 81 84 4,018 3,900 3,906 3,731 3,808 3,803 3,878 3,843 3,987 4,103 4,548 4,651 4,615 4,641 4,743 4,818 4,645 4,532 4,726 4,600 4,466 4,560 4,351 4,199 4,090 3,846 3,834 3,992 4,033 4,111 4,263 4,314 4,413 4,393 4,438 2,127 2,095 2,042 2,117 2,102 2,127 2,285 2,271 2,321 2,409 2,680 2,910 2,755 2,890 2,794 3,000 2,944 2,613 2,893 2,878 2,746 2,776 2,709 2,666 2,571 2,405 2,140 2,076 2,101 2,120 2,161 2,214 2,277 2,293 2,333 Public Total System 20,048 19,169 19,147 18,655 18,732 19,254 19,580 19,950 20,211 21,030 23,006 23,892 23,493 23,392 24,292 24,892 24,039 23,107 24,175 23,847 22,908 23,382 22,028 21,139 20,194 19,701 18,901 19,170 19,569 20,029 20,686 20,860 21,439 21,868 21,845 Load Forecast Uncertainty 544 603 539 505 640 243 300 725 1,084 1,042 1,033 1,269 1,434 842 1,003 1,288 865 825 982 916 833 708 1,386 1,443 1,321 369 432 360 385 549 559 387 391 532 516 Page 24 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast (Table B2 continued) Week Ending 07-Dec-08 14-Dec-08 21-Dec-08 28-Dec-08 04-Jan-09 11-Jan-09 18-Jan-09 25-Jan-09 01-Feb-09 08-Feb-09 15-Feb-09 22-Feb-09 01-Mar-09 08-Mar-09 15-Mar-09 22-Mar-09 29-Mar-09 05-Apr-09 12-Apr-09 19-Apr-09 26-Apr-09 03-May-09 10-May-09 17-May-09 24-May-09 31-May-09 07-Jun-09 14-Jun-09 21-Jun-09 28-Jun-09 05-Jul-09 12-Jul-09 19-Jul-09 26-Jul-09 02-Aug-09 09-Aug-09 16-Aug-09 23-Aug-09 30-Aug-09 06-Sep-09 13-Sep-09 20-Sep-09 27-Sep-09 Hourly Coincident Peak Demand (MW) - Planned Resource Scenario Northwest Northeast 728 745 765 656 652 744 723 751 739 720 726 757 699 684 656 641 618 616 597 598 597 599 637 614 604 622 657 646 661 639 606 632 634 649 638 664 653 654 656 622 610 592 628 1,602 1,649 1,673 1,539 1,698 1,680 1,664 1,692 1,668 1,645 1,630 1,590 1,530 1,532 1,563 1,531 1,492 1,474 1,410 1,432 1,374 1,323 1,283 1,234 1,311 1,279 1,337 1,301 1,295 1,229 1,239 1,268 1,271 1,252 1,270 1,292 1,355 1,352 1,391 1,377 1,340 1,268 1,328 East Essa Ottawa Toronto Niagara Bruce Southwest West 1,619 1,617 1,605 1,642 1,579 1,712 1,756 1,718 1,679 1,677 1,657 1,601 1,544 1,481 1,436 1,376 1,304 1,288 1,189 1,205 1,122 1,152 1,187 1,116 1,182 1,192 1,230 1,330 1,402 1,334 1,326 1,418 1,450 1,389 1,346 1,401 1,404 1,328 1,355 1,218 1,123 1,017 1,081 1,415 1,408 1,394 1,460 1,437 1,495 1,533 1,515 1,453 1,476 1,467 1,392 1,385 1,354 1,299 1,239 1,164 1,166 1,058 1,097 1,007 1,078 1,116 1,045 1,113 1,123 1,140 1,262 1,336 1,265 1,262 1,364 1,419 1,344 1,301 1,356 1,354 1,267 1,272 1,117 1,013 885 930 1,891 1,875 1,836 1,974 1,880 1,943 1,992 1,944 1,986 1,905 1,928 1,884 1,837 1,744 1,854 1,761 1,713 1,677 1,576 1,582 1,475 1,478 1,440 1,326 1,439 1,428 1,510 1,626 1,713 1,629 1,571 1,771 1,825 1,700 1,636 1,755 1,804 1,698 1,718 1,475 1,409 1,293 1,477 7,661 7,696 7,588 7,381 6,857 7,665 7,846 7,668 7,600 7,709 7,595 7,596 7,495 7,343 7,093 7,075 6,835 6,806 6,527 6,511 6,405 6,422 6,933 7,328 7,427 7,516 7,728 8,648 9,035 8,930 8,452 9,389 9,358 9,082 8,801 9,013 8,796 8,397 8,664 8,163 7,866 7,604 7,129 746 764 764 701 666 749 749 778 734 763 721 732 709 705 666 650 655 647 625 601 594 589 647 669 674 694 681 831 864 868 828 880 941 919 809 907 895 854 869 838 817 792 733 92 92 88 95 86 92 95 94 92 94 90 87 84 82 83 81 77 77 73 71 66 66 52 54 48 52 49 59 63 64 76 63 60 55 55 57 58 59 60 59 59 57 53 4,627 4,622 4,578 4,469 4,225 4,623 4,712 4,627 4,568 4,626 4,551 4,520 4,454 4,357 4,244 4,209 4,065 4,025 3,898 3,919 3,849 3,855 3,831 3,914 3,865 4,017 4,096 4,540 4,699 4,616 4,471 4,777 4,822 4,666 4,541 4,730 4,620 4,478 4,575 4,356 4,225 4,115 3,855 2,352 2,420 2,409 2,283 2,128 2,372 2,371 2,420 2,355 2,396 2,300 2,354 2,256 2,261 2,161 2,140 2,134 2,108 2,069 2,030 2,014 2,005 2,123 2,242 2,266 2,320 2,269 2,746 2,866 2,724 2,628 2,791 2,974 2,928 2,594 2,872 2,873 2,733 2,764 2,687 2,666 2,573 2,392 Total System 22,732 22,886 22,700 22,200 21,208 23,074 23,441 23,207 22,874 23,009 22,665 22,513 21,994 21,541 21,055 20,702 20,056 19,885 19,021 19,046 18,504 18,567 19,250 19,541 19,930 20,243 20,699 22,990 23,934 23,299 22,459 24,354 24,754 23,985 22,991 24,048 23,811 22,820 23,323 21,912 21,128 20,197 19,606 Load Forecast Uncertainty 514 461 504 460 464 489 531 499 464 446 478 406 412 876 380 432 275 570 597 511 504 631 145 290 717 1,063 1,035 1,024 1,263 1,411 923 997 1,271 857 815 970 908 824 701 1,424 1,370 1,310 364 - End of Section - March 12, 2008 Public Page 25 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast 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March 12, 2008 Public Page 26 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Appendix C Analytical Factors Table C1: Factors Affecting Energy Demand Factors Affecting Daily Energy Demand Variable Class Variable Weather Daily Avg Temperature > 16º C 10ºC > and < 16º C < 10ºC Daily Humidity - Dewpoint > 16º C 10ºC > and < 16º C < 10ºC Wind Summer Winter Cloud Summer Winter Economic Employment Housing Stock Calendar Holidays Day of Week March 12, 2008 Change in Variable Impact On Daily Energy Demand (MWh) 1ºC Increase 1ºC Increase 1ºC Decrease 8,160 MWh Increase 1,510 MWh Increase 2,640 MWh Increase 1ºC Increase 1ºC Increase 1ºC Decrease 2,970 MWh Increase 550 MWh Increase 960 MWh Increase 1 km/hr Decrease 1 km/hr Increase 400 MWh Increase 20 MWh Increase Decrease of 1 on Scale Increase of 1 on Scale Increase of 1,000 jobs Increase of 1,000 houses New Year's Day Good Friday Victoria Day Canada Day August Civic Holiday Labour Day Thanksgiving Day Remembrance Day Christmas Boxing Day New Year's Eve Monday vs Sunday Tuesday vs Sunday Wednesday vs Sunday Thursday vs Sunday Friday vs Sunday Saturday vs Sunday 1,250 MWh Decrease 1,330 MWh Increase 3 MWh Increase 5 MWh Increase 65,000 MWh Decrease 45,000 MWh Decrease 54,000 MWh Decrease 41,000 MWh Decrease 39,000 MWh Decrease 56,000 MWh Decrease 55,000 MWh Decrease 9,000 MWh Decrease 84,000 MWh Decrease 79,000 MWh Decrease 8,000 MWh Decrease 47,000 MWh Increase 49,000 MWh Increase 50,000 MWh Increase 49,000 MWh Increase 45,000 MWh Increase 10,000 MWh Increase Public Page 27 of 28 IESO_REP_0473v1.0 18-Month Demand Forecast Table C2: Factors Affecting Peak Demand Factors Affecting Daily Peak Demand Variable Variable Class Weather Temperature > 16º C 10ºC > and < 16º C < 10ºC Humidity - Dewpoint > 16º C 10ºC > and < 16º C < 10ºC Wind Summer Winter Cloud Summer Winter Economic Employment Housing Stock Calendar Holidays Day of Week Change in Variable Impact On Daily Peak Demand (MW) 1ºC Increase 1ºC Increase 1ºC Decrease 450 MW Increase 100 MW Increase 110 MW Increase 1ºC Increase 1ºC Increase 1ºC Decrease 160 MW Increase 40 MW Increase 40 MW Increase 1 km/hr Decrease 1 km/hr Increase 14 MW Increase 10 MW Increase Decrease of 1 on Scale Increase of 1 on Scale Increase of 1,000 jobs Increase of 1,000 houses New Year's Day Good Friday Victoria Day Canada Day August Civic Holiday Labour Day Thanksgiving Day Remembrance Day Christmas Boxing Day New Year's Eve Monday vs Sunday Tuesday vs Sunday Wednesday vs Sunday Thursday vs Sunday Friday vs Sunday Saturday vs Sunday 110 MW Increase 70 MW Increase 0.2 MW Increase 0.3 MW Increase 2,800 MW Decrease 2,100 MW Decrease 2,400 MW Decrease 1,700 MW Decrease 1,600 MW Decrease 2,100 MW Decrease 2,500 MW Decrease 400 MW Decrease 4,400 MW Decrease 3,600 MW Decrease 600 MW Decrease 2,100 MW Increase 2,000 MW Increase 2,100 MW Increase 2,000 MW Increase 1,700 MW Increase 100 MW Increase - End of Document - March 12, 2008 Public Page 28 of 28