The IESO is proposing a minor market rule amendment to remove a legacy requirement that the IESO Board directly set certain technical market parameters used in the calculation engines. The relevant parameters include: the maximum market clearing price, maximum operating reserve price, constraint violation penalties, and the settlement floor price for energy. The proposed amendment will require the IESO to establish these parameters and to publish them in an applicable market manual. This change will bring the treatment of the relevant parameters into alignment with the way in which other market requirements are established and reflected in the market rules and manuals.
The IESO will also provide an update with respect to future planned amendment proposals, including a planned restatement of the market rule amendment process in MR Ch. 3, s.4, which process has not been materially updated since market opening.
The IESO will present a proposed minor rule amendment to a legacy requirement that the IESO Board directly set certain technical market parameters used in the calculation engines. The IESO will also provide an update with respect to future planned amendment proposals.
