TORONTO, Nov. 16, 2011 /CNW/ - The Market Surveillance Panel (Panel) has
submitted its Monitoring Report to the Ontario Energy Board (OEB) on
Ontario's wholesale electricity market for the period between November
2010 and April 2011.
The Report, published today on the OEB website, states that the market
has continued to perform reasonably well according to the hybrid design
set for it. The Panel did, however, note that there were occasions
where the design of generation contracts, actions by market
participants, or actions taken by the Independent Electricity System
Operator (IESO) led to inefficient outcomes. The Panel continues to
identify areas for improvement in the market design.
The Report contains four recommendations to the IESO that the Panel
believes will enhance market efficiency through the publication of
aggregate wind generation forecast information; an increase in the
frequency with which interties are scheduled, and the associated
frequency of demand and intermittent generation forecasts as well as
pre-dispatch schedules; accelerating efforts to make wind generators
dispatchable; and changing the calculation of constrained-on Congestion
Management Settlement Credit payments made to dispatchable loads. The
IESO has been asked to report back to the Board on the steps it plans
to take in response to the recommendations made in the Panel's Report,
and whether, in the IESO's view, any actions or market rule amendments
should be taken or initiated beyond those reflected in the Panel's
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 wholesale electricity market administered by the IESO.
The full report and previous reports are available at:
Ce document est aussi disponible en français.
SOURCE Ontario Energy Board
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