Bruce Power released its first-ever Ontario Energy Report at the Toronto Regional Board of Trade.
The report said that nuclear continues to be "the workhorse for the province, meeting 61 per cent of Ontario's electricity needs in 2019."
The report also claimed that Ontario's residential electricity rates are among the lowest in developed countries and almost 30 per cent below the 2018 world average of 17.33 cents/kWh. It said it's "largely due to Ontario's nuclear fleet, which is a key contributor for keeping prices down."
"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," President and CEO Mike Rencheck said in a news release on Wednesday.
He said the purpose of the report "is to provide accurate, verifiable, and concrete information."
The report comes just days before Bruce Power begins its Major Component Replacement Project with the refurbishment of the Unit 6 nuclear reactor.
