Transmission Rights Clearing Account disbursement
December 10, 2015
Participants withdrawing energy from the IESO-administered market will see a payment from the Transmission Rights Clearing Account disbursement on the November 30 preliminary settlement statement and November 2015 invoice, both issued on December 14. Funds from the clearing account will be credited using charge type 102 'TR Clearing Account Credit.'
As approved by Market Rule Amendment MR-00421-R00, $100 million accumulated in the Transmission Rights Clearing Account will be paid in one lump sum. Market participants will receive their pro-rata share of the total amount of $100 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 This share will be based on the total allocated quantity of energy withdrawn (AQEW) for consumers, or the scheduled quantity of energy withdrawn (SQEW) for exporters, over the last six months (June - November).
Through the transmission rights market in Ontario the IESO sells transmission rights through an auction process entitling the owner to a payment if the price of energy in Ontario is different from the price in an intertie zone. The Transmission Rights Clearing Account has a threshold set by the IESO Board and surplus amounts in the account are disbursed over time.