The licence issued by the Ontario Energy Board (OEB) authorizes the IESO to direct the operation of the transmission system in Ontario, facilitate the IESO-administered markets and carry out its duties as defined in the Electricity Act, 1998.

Smart Metering Entity

The Government of Ontario designated the IESO as the Smart Metering Entity (SME) in 2007 to support its Smart Metering Initiative. The SME is responsible for overseeing the meter data management repository (MDM/R) and processing smart meter consumption data from MDM/R service recipients in Ontario to support Time-of-Use (TOU) billing. It also provides support to Local Distribution Companies for billing their customers on TOU.

The SME is authorized by a licence that is issued by the OEB. The IESO recently submitted its application renew its SME license, which is due to expire on December 31, 2016.