Ontario could be in an energy crisis

Sponsored by Sterling Metals

Ontario energy crisis

A startling report from the North American Electric Reliability Corporation (NERC), an electricity regulator, warns that Ontario is teetering on the edge of an energy crisis if heat waves persist this summer.

Shockingly, Ontario is the sole Canadian region identified as being at an “elevated risk” of energy shortfalls in the recent May summer reliability assessment. The report unveils a concerning trend, signaling that accommodating generation and transmission outages in the province will become increasingly challenging.

The NERC report highlights several contributing factors to Ontario’s vulnerable state. Planned outages stemming from nuclear plant refurbishments have significantly reduced the province’s electricity supply resources. Furthermore, the escalating demand in the Windsor-Essex area may outstrip the available supply, leaving the region with an inadequate energy provision.

You can read more on the matter here.

Sterling Metals (TSXV: SAG) is a mineral exploration company focused on Canadian exploration opportunities. The company is currently advancing its 100% owned Sail Pond Project located in the Great Northern Peninsula of Newfoundland. The 13,500 ha Sail Pond Project is a brand-new discovery, first discovered in 2016.

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