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Adjustment Account surplus to be disbursed

May 9, 2019

Participants withdrawing energy from the IESO-administered market will see a payment from the IESO Adjustment Account on the April 30 preliminary settlement statement and April 2019 invoice, both issued on May 14. Funds from the adjustment account will be credited using charge type 9920, Adjustment Account Credit.


The $3.8 million accumulated in the IESO Adjustment Account will be paid in one lump sum. Market participants’ pro-rata share of the total will be based on the total allocated quantity of energy withdrawn for consumers, or the scheduled quantity of energy withdrawn for exporters, over the last six months (November – April).


The 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 annually reviews the allocation of any credit balance (surplus) in the adjustment account. The IESO board may direct that some or all of the credit balance be distributed to market participants as a rebate.

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