On August 8, the IESO announced that its final high-level designs for energy stream initiatives under the Market Renewal Program were publicly available. Over the past few months, the IESO has been collecting stakeholder feedback on the high-level designs for the three energy stream initiatives. The responses to feedback received are now available for the single schedule market, day-ahead market and enhanced real-time unit commitment.
One of the recent changes proposed is an alternate design for load pricing in the single schedule market. The new design is expected to provide greater customer choice by enabling non-dispatchable loads to choose between a uniform Ontario price and location-based nodal prices. Loads active in the market will continue to be settled on nodal prices.
The release of the final documents marks the completion of the high-level design phase for the energy work stream and is a pivotal milestone for the Market Renewal Program.