Power the Province
We’re planning for the future and working hard to power the province with safe, reliable electricity—it’s something we all need—and we will need more.
It’s a time of transition for our electricity system, and it’s our responsibility to guide our province forward. To do so, we are balancing cost, reliability, and the environment in our decisions. This is our legislated obligation and our privilege.
Every utility across Canada is planning for what’s needed. Hydro too, has put great thought and analysis into how we will continue to serve customers for the next decade and beyond.
We have a plan to power this province.
The Planning Cycle
Our plan reflects a moment in time, considering all the information available to us today. We will continue to revisit as new information and technologies become available.
Our vision for a clean energy future can only be achieved by working together. As we look for new ways to meet the future needs of our system, we are excited to work with our customers, Indigenous peoples, communities, industry, the Public Utilities Board (PUB), Intervenors, and Government to positively contribute to the sustainable, economically bright future of Newfoundland and Labrador.
Our Planning Process – the Reliability and Resource Adequacy Study
The 2024 Resource Adequacy Plan (2024 Resource Plan) focuses on meeting forecasted growth for the Island and maintaining reliability for Island customers. The 2024 Resource Plan is a continuation of our planning process and provides an in-depth analysis of how much electricity customers will need over the next ten years and the best resource options to meet the growing need. We have considered which assets should be maintained and if new assets are required to ensure we have the right energy mix to meet growing demand for electricity, while ensuring we deliver on the reliability our customers expect—and deserve.
In 2018, Hydro completed a Reliability and Resource Adequacy Study, filed with the PUB the same year. The filing addressed our long-term approach to providing continued reliable service for our customers. Prior to the 2024 update, Hydro provided updates in 2019, 2021 and 2022, as well as numerous supporting filings.