2023 Transmission Rights Auction Schedule
|
Auction Name |
TR Ownership Period |
Pre-auction Publication |
TR Deposits Due |
TR Bid Window |
Invoice Date |
Payment Due Date |
|
ST_20230201 |
Feb 1 to 28, 2023 |
December 9, 2022 |
January 3, 2023 |
January 10/11, 2023 |
January 23, 2023 |
January 25, 2023 |
|
LT_20230401 |
Apr 1, 2023 to Mar 31, 2024 |
December 16, 2022 |
Round 1 - January 9, 2023 Round 2 - January 12, 2023 |
Round 1 – January 16/17, 2023 Round 2 – January 19/20, 2023 |
January 30, 2023 |
February 1, 2023 |
|
ST_20230301 |
Mar 1 to 31, 2023 |
January 6, 2023 |
January 31, 2023 |
February 7/8, 2023 |
February 21, 2023 |
February 23, 2023 |
|
ST_20230401 |
Apr 1 to 30, 2023 |
February 3, 2023 |
February 28, 2023 |
March 7/8, 2023 |
March 20, 2023 |
March 22, 2023 |
|
ST_20230501 |
May 1 to 31, 2023 |
March 13, 2023 |
April 3, 2023 |
April 12/13, 2023 |
April 24, 2023 |
April 26, 2023 |
|
ST_20230601 |
Jun 1 to 30, 2023 |
April 6, 2023 |
May 2, 2023 |
May 9/10, 2023 |
May 23, 2023 |
May 25, 2023 |
|
LT_20230701 |
Jul 1, 2023 to Jun 30, 2024 |
April 14, 2023 |
Round 1 - May 8, 2023 Round 2 - May 11, 2023 |
Round 1 – May 15/16, 2023 Round 2 – May 18/19, 2023 |
May 30, 2023 |
June 1, 2023 |
|
ST_20230701 |
Jul 1 to 31, 2023 |
May 5, 2023 |
May 30, 2023 |
June 6/7, 2023 |
June 19, 2023 |
June 21, 2023 |
|
ST_20230801 |
Aug 1 to 31, 2023 |
June 9, 2023 |
July 4, 2023 |
July 11/12, 2023 |
July 24, 2023 |
July 26, 2023 |
|
ST_20230901 |
Sep 1 to 30, 2023 |
July 14, 2023 |
August 8, 2023 |
August 15/16, 2023 |
August 28, 2023 |
August 30, 2023 |
|
LT_20231001 |
Oct 1, 2023 to Sep 30, 2024 |
July 21, 2023 |
Round 1 - August 14, 2023 Round 2 - August 17, 2023 |
Round 1 - August 21/22, 2023 Round 2 - August 24/25, 2023 |
September 5, 2023 |
September 7, 2023 |
|
ST_20231001 |
Oct 1 to 31, 2023 |
August 15, 2023 |
September 7, 2023 |
September 14/15, 2023 |
September 25, 2023 |
September 27, 2023 |
|
ST_20231101 |
Nov 1 to 30, 2023 |
September 12, 2023 |
October 4, 2023 |
October 12/13, 2023 |
October 23, 2023 |
October 25, 2023 |
|
ST_20231201 |
Dec 1 to 31, 2023 |
October 6, 2023 |
October 31, 2023 |
November 7/8, 2023 |
November 21, 2023 |
November 23, 2023 |
|
LT_20240101 |
Jan 1, 2024 to Dec 31, 2024 |
October 20, 2023 |
Round 1 – November 10, 2023 Round 2 – November 16, 2023 |
Round 1 - November 20/21, 2023 Round 2 - November 23/24, 2023 |
December 4, 2023 |
December 6, 2023 |
|
ST_20240101 |
Jan 1 to 31, 2024 |
November 7, 2023 |
November 30, 2023 |
December 7/8, 2023 |
December 18, 2023
|
December 20, 2023
|
Preliminary Settlement Statement - 2 business days after trading day
Time to file a Notice of Disagreement - 2 business days after preliminary settlement statement is issued
Final Settlement Statement - 6 business days after trading day
Billing Period - Trading week (Sunday to Saturday)
Invoice - 6 business days after the end of the trading week (a Monday unless there is a holiday in the week)
Payment - Payments to IESO within 2 business days of invoice issue
The Pre Auction Publication date represents the market rule requirement for the publishing of the Transmission Rights Market Pre Auction reports. Actual publishing may occur earlier.
The TR Bid Window normally opens at 09:00 EST of the first day and closes at 17:00 EST of the second day.
The maximum number of transmission rights that can be allocated in each auction is determined by the process described in Market Manual 4.4.
Transmission Rights Auction Settlement information can be found in the Financial Market Settlement Schedule and Payment Calendar.
The following table summarizes key activities and dates associated with the Transmission Rights (TR) Market in the calendar year 2023.
While it is the IESO’s intention to have the TR Auction activities occur on the dates proposed, the Market Rules allow for the TR Auction to occur anywhere within a specified period of time.
Should invoice payments not be received by the payment due date, the Transmission Rights shall not be issued to the TR bidder, and additional penalties shall be applied as outlined in Market Rules, Chapter 8, Section 4.20