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Market Renewal Transition

Market Renewal Transition

April 30 - May 8

 

The transition to the renewed wholesale electricity market will begin on Wednesday, April 30, 2025. Over this period, the IESO will, step-by-step, launch a day-ahead market to complement a renewed real-time market and implement locational marginal pricing at more than a thousand locations across the province.

This page will be updated as the transition reaches key milestones.    

For updates from the Control Room on progress of the cutover to the renewed market, please visit the Advisory Notices page. 

 

Market Transition Timelines

Date Activities

April 30, 2025

Advance Preparations for Market Transition

Morning:

  • Launch begins. Market participants start submitting their bids or offers for the real-time market for trade date May 1 using new market tools
  • Legacy market reports start process of shutting down
  • Alternative prudential monitoring in effect

Evening:

  • Data is no longer posted on the ieso.ca home and Power Data pages
  • Market data will continue to be available on the IESO reports (Data Directory) site throughout the transition period
  • IESO Control Room moves to manual dispatch

May 1, 2025

First Run of the Renewed Real-Time Market

Early morning:

  • First results from the real-time market available on the IESO reports site and the control room returns to automated dispatch
  • There will be no day-ahead market for trade date May 2 while the IESO monitors dispatch results

May 2, 2025

Transition Complete and First Run of the Day-Ahead Market 

Morning:

  • Renewed market in effect
  • Market participants submit bids and offers for the day-ahead market which runs for trade date May 3

Early Afternoon:

  • First results from the day-ahead market available on the IESO reports site

May 3, 2025

Real Time and Day Ahead Markets Operate in Tandem

  • The real-time market balances against the outcomes of the day-ahead market

May 4, 2025

Renewed Market Cycle Complete

  • The system has fulfilled its first complete day-ahead market cycle - from forecast to operations

May 5, 2025

Continued Market Outcomes 

  • Data visualizations of new market information available on the new market data page at ieso.ca

May 7, 2025

Restriction Period for Registration Changes Ends

May 8, 2025

Final Launch Steps

  • Automated prudential monitoring resumes
  • Virtual traders may begin authorization