Transmission rights clearing account disbursement
June 6, 2019
Participants withdrawing energy from the IESO-administered market will see a payment from the transmission rights clearing account on the May 31 preliminary settlement statement and the May 2019 invoice, both of which will be issued on June 14. Funds from the clearing account will be credited using charge type 102, TR Clearing Account Credit.
The total amount of this disbursement will be $76,406,085.16. Market participants will receive their pro-rata share based on the total allocated quantity of energy withdrawn for consumers, or the scheduled quantity of energy withdrawn for exporters, over the six months ending May 2019.
The IESO sells transmission rights through an auction process entitling the owner to a payment, if the price of energy in Ontario is different from the price in an intertie zone. The transmission rights clearing account has a threshold set by the IESO Board of Directors and surplus amounts in the account are disbursed over time.