Business Plan and request to reduce IESO fee filed with the OEB
January 21, 2016
The IESO is requesting a nine per cent reduction in its usage fee in its revenue requirement submission filed with the Ontario Energy Board on January 19. The 2016-2018 Business Plan, which reflects the annual savings of $5 million from merging the IESO with the Ontario Power Authority, formed part of the submission.
Further efforts outlined in the plan expect to achieve savings of more than $10 million by 2018, allowing the IESO to request a lower fee. The IESO is seeking approval of a proposed 2016 revenue requirement of $181.1 million to be recovered through a usage fee of $1.13 per MWh, effective January 1, 2016. This fee represents a nine per cent reduction compared to the combined current IESO usage fee of $0.803/MWh and the current Ontario Power Authority usage fee of $0.439/MWh. The current fees were made interim effective January 1, 2016.
The IESO's three strategic themes – providing public value, building corporate resilience, and respecting and valuing our stakeholders – provided the context for its business planning. The plan outlines the IESO's focus and deliverables over the business planning period in each of its business units. Engagement initiatives and the IESO's Stakeholder Advisory Committee will continue to play an important role in providing input into the IESO's decision-making.