IESO releases high-level designs for the Day-Ahead Market and Enhanced Real-Time Unit Commitment
December 20, 2018
Today the IESO released the Day-Ahead Market and Enhanced Real-Time Unit Commitment high-level designs.
The Day-Ahead Market — where participants submit day-ahead bids and offers to compete with others for a day-ahead price — will provide greater operational certainty to the IESO and greater financial certainty to market participants, lowering the cost of producing electricity and ensuring we commit only the resources required to meet system needs.
The Enhanced Real-Time Unit Commitment will reduce the cost of scheduling and dispatching resources to meet demand as it changes from the day-ahead to real-time.
The documents capture the key concepts and decisions guiding implementation of reforms to the province’s electricity markets, bringing the IESO one step closer to delivering a more stable and efficient marketplace.