Transmission Rights Clearing Account disbursement payments begin
April 9, 2015
Participants withdrawing energy from the IESO-administered market will see the first payment from the Transmission Rights (TR) Clearing Account disbursement on the March 31 preliminary settlement statement and March 2015 Invoice, both issued on April 16. Funds from the clearing account will be credited using charge type 102 'TR Clearing Account Credit'.
As approved by the IESO Board of Directors in March, $100 million accumulated in the TR Clearing Account will be paid out in 6 equal monthly instalments. Market participants will receive their pro-rata share of the total monthly amount of $16.67 million. This share will be based on the total allocated quantity of energy withdrawn (AQEW) for consumers, or the scheduled quantity of energy withdrawn (SQEW) per month for exporters.