2024 Capacity Auction Qualification Window Now Open
August 29, 2024
The capacity qualification request submission window for the 2024 Capacity Auction is now open. For the first time, participants who received an obligation through last year’s Capacity Auction will see a performance adjustment factor (PAF) applicable to their resource(s) based on their assessed performance in the recent summer 2024 capacity test. Resources that have submitted a notice of disagreement (NOD) related to their capacity test results will have PAF-related data updated prior to the closing of the assessment window if the applicable NOD results in a revised capacity test result.
Participants can submit and revise capacity qualification requests through the Online IESO platform for the resources that they wish to offer into the auction until September 27, 2024. Once the window closes, the IESO will evaluate the requests and determine a UCAP value for each individual resource and deposit amount. Participants who then meet the deposit deadline can offer their qualified capacity into the 2024 Capacity Auction this November.
Further details on how to complete major participation milestones can be found in the Capacity Auction Timelines document and Capacity Auction: Online IESO Step-by-Step Guide. For more information about the Capacity Auction, please visit the Capacity Auction webpage.