Skip Links
Sector Participants > IESO News > IESO Adjustment Account surplus disbursement

News and Updates

IESO Adjustment Account surplus disbursement

March 3, 2016

Participants withdrawing energy from the IESO-administered market will see a payment from the IESO Adjustment Account disbursement on the February 29 preliminary settlement statement and February 2016 invoice, both issued on March 14. Funds from the adjustment account will be credited using charge type 9920 'Adjustment Account Credit'.

As approved by the IESO Board of Directors, $77.3 million accumulated in the IESO Adjustment Account will be paid in one lump sum. Market participants will receive their pro-rata share of the total amount of $77.3 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 This share will be based on the total allocated quantity of energy withdrawn (AQEW) for consumers, or the scheduled quantity of energy withdrawn (SQEW) for exporters, over the last six months (September – February).

The IESO's Adjustment Account was established to receive and disburse payments from penalties, damages, fines and payment adjustments arising from resolved settlement disputes, and to reimburse the IESO for any associated costs or expenses. The IESO Board reviews the allocation of any credit balance (surplus) in the adjustment account and may direct that some or all of the credit balance be distributed to market participants as a rebate.

< Back to IESO News