2020 and 2021 IESO Revenue Requirement Submissions
June 17, 2021
The IESO filed its 2020-2021 Revenue Requirement Submissions with the Ontario Energy Board on May 27, 2021. The submissions and other documents which form the record of the OEB’s proceeding are available on the OEB’s website (Case Number EB-2020-0230).
In its application, the IESO is seeking approval of a proposed revenue requirement for 2020 of $188.6 million, and to make the domestic usage fee of $1.227/MWh, and the export usage fee of $1.0125/MWh, the final usage fees for the period January 1, 2020 to December 31, 2020. These fees were previously approved by the Ontario Energy Board on an interim basis.
The IESO is also seeking approval of a proposed revenue requirement for 2021 of $191.8 million, a domestic usage fee of $1.271/MWh, and an export usage fee of $1.0943/MWh for export customers effective January 1, 2021.
The IESO’s expenditures, revenue requirements and fees allow for the continuing collaboration with stakeholders to implement a competitive framework to address supply shortfalls emerging later this decade, and promote greater participation in the electricity markets. As the organization works to find new efficiencies and drive down costs, these and other investments will be critical to the IESO’s efforts to deliver value to Ontario’s electricity customers and ensure reliability over the long term.
You can learn more about the IESO’s priority initiatives and financial plans in its 2020-2022 Business Plan.
If you are not able to access the documents through the links provided and would like a copy of the Notice or the IESO’s application, please email RegulatoryAffairs@IESO.ca.