The IESO Board approved three market rule amendments on April 12, 2017. They include changes to Real-Time Generation Cost Guarantee, Minor Amendment Omnibus 2017 and Prudential Support Obligations.
With respect to the Real-Time Generation Cost Guarantee – Cost Recovery Framework (MR-00425), the IESO noted that, “These amendments enable a new cost recovery framework for the real-time generation cost guarantee program. These changes are expected to increase the transparency of costs eligible to be submitted by market participants for recovery under the program, as well as reduce the scope and frequency of audits. The amendments also clarify the planned maintenance costs that are eligible for recovery under the program.”
The effective date of this amendment will be as early as June 7, 2017, and was expected to be communicated to market participants. Specific details on how the rules have been changed can be found in the Board-approved Market Rule Amendment Proposal document.