New Engagement Launching - Transmission Rights Market Enhancements and Platform Refresh
July 6, 2023
The IESO is launching a new engagement to inform market participants of upcoming enhancements to the Transmission Rights (TR) market. The IESO received recommendations and feedback from the Ontario Energy Board's Market Surveillance Panel (MSP) regarding potential inefficiencies. The MSP emphasized the importance of continuous improvements to the current market design while the Market Renewal Program is underway.
The IESO completed a Transmission Rights Market Review in June 2021 that identified certain enhancements, or high-value opportunities, that will improve the efficiency, value and function of the TR market today and in the future. This includes updating the TR auction platform to align with current IESO software and introducing multiple bid laminations to enhance the market.
The IESO is engaging with market participants and other interested parties to ensure an open and transparent process prior to a Market Rules review by the IESO’s Technical Panel.
For more information, visit: Transmission Rights Market Enhancement and Platform Refresh.