TORONTO, Jan. 30 /CNW/ - The Market Surveillance Panel (MSP) has
submitted its Electricity Market Monitoring Report to the Ontario Energy Board
(OEB) on Ontario's wholesale electricity market for the period between May
2008 and October 2008. The Report, published today on the OEB website, states
that the market has continued to perform well within the parameters set for
As in previous reports, the Panel makes recommendations regarding several
potential opportunities to improve the efficiency of the market.
During the May - October 2008 period, the average Hourly Ontario Energy
Price (HOEP) was slightly higher (5.7%) than last year, primarily due to
higher natural gas and coal prices.
The Market Surveillance Panel is appointed by the Ontario Energy Board.
The mandate of the Panel is to monitor, report on, and where appropriate,
investigate, the activities and conduct of participants in the markets
administered by the Independent Electricity System Operator (IESO). The Market
Surveillance Panel was transferred to the Ontario Energy Board from the IESO
under the Electricity Restructuring Act, 2004, effective January 1, 2005.
The Panel's report also serves as a detailed source of information on the
operation of the market during the review period.
The full report and previous ones are available at:
Ce document est aussi disponible en français.
For further information:
For further information: Paul Crawford, Ontario Energy Board, (416)