Real-Time Generation Cost Guarantee Program participants to use new exchange rates
April 20, 2017
The Bank of Canada (BoC) has made changes to the posting of exchange rates that will affect cost submissions for participants under the RT-GCG program. The BoC began publishing new exchange rates once each business day as of March 1, 2017. Legacy noon and closing exchange rates will continue to be published in parallel until April 28, 2017. As of May 1, 2017, the BoC will publish only the single daily rate.
For cost submissions, RT-GCG Program participants should continue to use the applicable daily noon rate for trade dates up to and including April 30, 2017. For trade dates on or after May 1, 2017, conversions should be based upon the new exchange rates as posted by the BoC. A notification was sent to RT-GCG eligible participants providing further information and an updated Q&A document has been posted here.