The Ontario IESO has launched a review of Ontario’s wholesale energy market pricing system, sometimes referred to as the “two-schedule price setting system”, which is used to settle and dispatch resources in the IESO administered market. This review is part of a series of consultations launched by the IESO to consider the efficiency and effectiveness of various aspects of the electricity market, and will focus on the energy market pricing system. As part of this review, potential design alternatives will be compared against the status quo with an overall objective of providing “an efficient dispatch and pricing process that produces transparent prices.” The consultancy Market Reform has been engaged by the IESO to assist with the review.
For background information, the following resources are available:
• A letter introducing this initiative to stakeholders is available at www.ieso.ca; enter SE-114 in the search field, and select the August 29 entry (http://www.ieso.ca/imoweb/pubs/consult/se114/se114-20130829-Energy_Market_Pricing_System_Review_Letter_to_Stakeholders.pdf).
• A draft Stakeholder Engagement Plan (http://www.ieso.ca/imoweb/pubs/consult/se114/se114_SE_Plan_Draft.pdf) and
• A Discussion Paper (http://www.ieso.ca/imoweb/pubs/consult/se114/se114-20130929-Discussion_Paper.pdf
Further details on this initiative are available on the SE-114 webpage at http://www.ieso.ca/imoweb/consult/consult_se114.asp.
Feedback can be sent by email to stakeholder