Additional Market Renewal Resources

Background

The Market Renewal Program is introducing fundamental reforms to the province’s electricity markets to improve how we supply, schedule and price electricity to meet Ontario’s future needs at the lowest cost. Read about the benefits, how stakeholders are involved, as well as educational materials.

Additional Market Renewal Resources

Brochure: Creating the Electricity Marketplace of Tomorrow

Creating the Electricity Marketplace of Tomorrow highlights the efforts of the IESO and stakeholders to update the current electricity market. These changes will ensure that Ontarians have a stable and reliable supply of electricity at the lowest cost while those working in the sector can rely on a stable, robust market that is prepared for whatever the future might hold.

Single Market Schedule Fact Sheets

A single schedule market is one of the initiatives of Market Renewal. The design requires the consideration of many, sometimes complex, factors. The IESO has created a series of Fact Sheets to help explain some of the issues.

1 – Energy Price – Congestion Component	2 – Energy Reference Price	3 – Energy Price – Loss Component
4 – Pre or Post-Interval Pricing	5 – Intertie Congestion Pricing	6 – Supplier Pricing
7 – Operating Reserve Reference Price	8 – Operating Reserve Price – Congestion Component	9 – Constraint Violations
10 – Out of Market Operator Actions	11 – Multi-Interval Optimization	12 – Price Setting Eligibility
13 – Mitigation Process	14 – Timing of Application	15 – Reference Levels
16 – Pricing for Loads	17 – Financial Transmission Rights	18 – Make Whole Payments
19 – Uplift Recovery

Market Renewal newsletter

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Backgrounder:

What is a settlement floor price?