OPG - 2027-2031 Payment Amounts - Nuclear Incentive Rate-Setting Expert
Solicitation number RFSOEBOPGNIRSE02042026
Publication date
Closing date and time 2026/02/20 14:01 EST
Description
Section 78.1 of the Ontario Energy Board Act, 1998 (OEB Act) and Ontario Regulation 53/05 Payments Under Section 78.1 of the Act (O. Reg 53/05), made under the OEB Act set out the OEB's authority to set payment amounts for Ontario Power Generation's (OPG) nuclear facilities and certain hydroelectric facilities.
In December 2025, OPG filed, jointly with DNNP LP by its general partner, DNNP GP Inc., an application to the OEB seeking approvals relating to 2027-2031 blended payment amounts for OPG’s nuclear facilities and the facilities constructed under the Darlington New Nuclear Program [EB-2025-0297] (OPG Application). Within this application, OPG and DNNP LP seek approval of a custom incentive rate-setting framework with the following components [EB-2025-0297, Exhibit A1-3-2]:
- Custom index to set blended payment amounts for OPG’s nuclear facilities and the Darlington New Nuclear Program facilities for 2028 to 2031. In OPG’s proposal, 2028-2031 blended payment amounts would be set using annual revenue requirements adjusted by a stretch factor of 0.3%.
- Earnings sharing mechanism and off-ramp.
The purpose of this procurement is to retain an expert who will review and scrutinize OPG's nuclear incentive rate-setting framework, benchmarking research, total factor productivity evidence, and provide associated technical advisory services as required. This will require identifying strengths and weaknesses of OPG’s rate-setting framework, benchmarking research, and total factor productivity evidence and evaluating the impact of the proposed framework on rates and achieving the desired outcomes as per the OEB's Renewed Regulatory Framework (RRF). This may include modeling and scenario analysis to compare outcomes between established frameworks in the RRF and the proposed framework. This may include modeling and scenario analysis to compare outcomes between established frameworks in the RRF and the proposed framework.
Scope of Work and Requirements
As required, the successful Vendor will provide the following Services and Deliverables:
Deliverable 1 - Briefing to OEB Staff and Interrogatory Support (expected date of late February / early March 2026
Deliverable 2 - Technical Conference (expected date of April/May 2026)
Deliverable 3 - Expert Report (expected date of April/May 2026)
Deliverable 4 - Interrogatories on Expert Report (expected date of May 2026)
Deliverable 5 - Oral Hearing Preparation (expected date of July/August 2026)
Deliverable 6 - Oral Hearing Testimony (expected date of July/August 2026)
Deliverable 7 - OEB Staff Submission (expected date of August/September 2026)
**Please Note** The timelines are subject to change depending on actual filing dates and the schedule approved by the OEB hearing panel.
Full details of the RFS document is available only through MERX at www.merx.com or 1-800-964-6379, MERX reference number 0000313571.
Bidding and Documents are available on http://www.merx.com. Fees may apply; See https://www.merx.com/public/pricing for more information.
Contract duration
The estimated contract period will be 24 month(s).
Trade agreements
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Canadian Free Trade Agreement (CFTA)
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Contact information
Contracting organization
- Organization
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Ontario Energy Board
- Address
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2300 Yonge Street - 26th Floor, P.O. Box 2319Toronto, Ontario, M4P 1E4Canada
- Contracting authority
- Catherine Torrese Benyi
- Phone
- 416-440-7657
- Email
- Catherine.Benyi@oeb.ca
Bidding details
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