Capacity Auction

Capacity auctions are an effective tool to help meet Ontario’s reliability needs and enable broader participation in the electricity market. Aligned with our commitment to increase competition, the IESO is proposing to adopt a phased approach to evolve the Capacity Auction (CA) while taking into consideration the unique nature of Ontario’s electricity system.

The IESO will engage stakeholders to improve design features that support sector participation, reliability, and affordability for consumers for incorporation into future auctions. This engagement builds on the stakeholder discussion regarding “Meeting Ontario’s Capacity Needs.”

The IESO is committed to working with stakeholders to explore and implement competitive mechanisms, such as auctions, to secure the products and services it requires to operate the grid reliably and efficiently now and into the future.

As part of this process, feedback is being requested from stakeholders on specific aspects of the ongoing evolution of the CA. This engagement plan outlines the objectives, approach, timeline and considerations for engaging stakeholders in that process. This engagement plan may be subject to review and updates, as the project continues. All comments and inquiries on this engagement can be directed to engagement@ieso.ca.

 

Schedule of Activities

Date

Materials

Post-2019

Additional in-person meetings or webinars as required

December, 2019

Stakeholder feedback due on draft market rules for June 2020 auction

December 6, 2019

 

Meeting to present final design document and draft market rules for June 2020 auction

  • Seeking feedback on key challenges, barriers, and opportunities

November 15, 2019

Stakeholder feedback due on draft design document

October 25, 2019

Agenda

Meeting to review feedback on design proposals and present draft design document for June 2020 auction

October 18, 2019

June 2020 Capacity Auction Draft Design

October 7, 2019

Stakeholder feedback due on draft design proposals for June 2020 auction

September 20, 2019

Agenda

Minutes

Meeting to begin discussion on June 2020 auction design

  • Review initial feedback on scope of the work plan
  • Discuss initial set of design proposals for June 2020 auction, including design proposals specific to auction mechanics (reference price and maximum auction clearing price)
  • Communication
  • Presentation

September 5, 2019

Stakeholder feedback due on draft engagement plan, and high-level scope

August 22, 2019

Minutes

Introductory discussion and presentation of the purpose, high-level scope, and timing of this engagement