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IESO announces results of Demand Response Auction

December 22, 2016

The IESO’s second annual demand response auction has resulted in both increased participation, and prices for demand response capacity that are 12 to 17 percent lower than those achieved in 2015.

The auction is an annual competitive process through which demand-side resources are selected to be available to reduce their electricity consumption, as needed, during the summer of 2017 and winter of 2017/18.

Twenty-one organizations were registered as DR auction participants prior to the auction, an increase of five participants over last year’s auction. The clearing price for the summer commitment period is $331.33/MW-day, and for the winter commitment period is $299.48/MW-day. This is a reduction of 12 percent for the summer and 17 percent for the winter commitment period when compared to the 2015 DR auction, reflecting good competition between existing resources and new entrants.

This is the second DR auction that the IESO has held, with the first one held in December 2015. For the auction, participants were required to submit their demand reduction capacity (in MW) and their offer prices for the summer and winter periods.

Read the full news release here.

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