(TORONTO, ON) April 10, 2026 – Ontario’s largest-ever energy procurement expands the supply of reliable, clean and affordable power by 1,300 megawatts (MW) at a time when electricity price and availability are key drivers of investment and economic growth. This announcement builds on Minister Lecce’s leadership on the National Energy Corridor Agreement to ensure a long-term, reliable Canadian grid.
In response, Jason Clark, VP of Government Relations at New Economy Canada, said:
“This latest procurement is an important step toward meeting the scale of Ontario’s growing energy demand. From steel and auto manufacturing to critical minerals, battery production and data centres, the industries driving Ontario’s growth are electrified —making reliable, clean and affordable power a decisive factor in where they invest and expand.
This announcement comes at a pivotal moment. With Ontario’s economy under threat, electricity is not just an input, it’s a competitive advantage—lowering costs for existing industries while positioning Ontario to capture new investment. The global transition to electrification is also a major economic opportunity, driving demand for the critical minerals, metals and technologies that underpin it.
We need to build on this momentum. While this marks the largest procurement to date, powering Ontario’s economy competitiveness will continue to require significantly more low-cost capacity to meet future demand. Providing greater certainty about electricity supply will enable businesses and investors to move forward with confidence—unlocking new jobs in partnership with Indigenous Peoples, strengthening competitiveness, and supporting long-term economic resilience in Ontario.”
New Economy Canada is a non-partisan initiative uniting 70 companies, labour unions and Indigenous organizations, all committed to accelerating investment in Canada’s clean economy. Our partners employ or represent over 485,000 workers. https://neweconomycanada.ca
For media inquiries:
Rebecca Spring, Senior Director of Communications, New Economy Canada
Rebecca.spring@neweconomycanada.ca