TORONTO, July 2 /CNW/ - Ontario's Independent Electricity System Operator
(IESO) is now making available a Day-Ahead Price Forecast enabling consumers
and generators to make strategic, informed decisions about their next day's
"This is an important initiative for Ontario's electricity market," said
Paul Murphy, President and CEO. "A reliable forecast of the next day's hourly
electricity prices will help consumers better manage their electricity
consumption and costs. Large-volume electricity consumers, who are charged
hourly electricity prices, can use this information to avoid higher-priced
periods by planning to shift or reduce some of their electricity use."
In addition to stimulating conservation and demand management, the
Day-Ahead Price Forecast is also expected to improve market efficiency. This
initiative will encourage embedded generators to be available during the hours
when power is needed the most, and will allow larger, dispatchable generators
to manage their operations more efficiently.
This price signal uses information available a day ahead to provide a
forecast for the next day's hourly prices, Monday through Friday. The model
produces upper and lower price thresholds, which provide a 95 per cent
confidence band around the forecast.
The Day-Ahead Price Forecast is available on the IESO website at
The IESO is responsible for managing Ontario's bulk electricity system
and operating the wholesale electricity market. For more information, visit
For further information:
For further information: Alexandra Campbell, (416) 506-2806