IESO Market Renewal Rule Amendments Approved by Board

October 22, 2024

“For several years now, the IESO has been working closely with stakeholders to prepare for the renewal of our electricity markets in 2025. Today, we reached another major milestone as the IESO’s Board of Directors approved the market rule amendments needed to operationalize the renewed markets,” IESO announced via LinkedIn.

“The Market Renewal program will make improvements to the current electricity market design, by improving how we supply, schedule and price electricity, leading to system efficiencies and supporting the grid of the future. This project will deliver significant value to the system and Ontario consumers – including an expected $700 million in benefits in the first 10 years alone. It will also build a foundation for Ontario’s electricity markets to continue to evolve, as new technologies emerge and are able to contribute to a reliable, affordable and sustainable electricity system for the province.”

The rule amendments will be effective November 11, 2024, facilitating registration activities in advance of the launch of the renewed market on May 1, 2025.

Go HERE for more information on the Market Renewal

Go HERE for more information on the amendment proposals

Related Articles

The Government of Canada Announces Funding for Emissions Reduction Alberta Through the Green Industrial Facilities and Manufacturing Program

The Government of Canada Announces Funding for Emissions Reduction Alberta Through the Green Industrial Facilities and Manufacturing Program

October 21, 2024 The Government of Canada is committed to maximizing energy performance and reducing greenhouse gas emissions while helping industry gain a competitive edge.   The federal investment of $40 million from the Green Industrial Facilities and Manufacturing Program (GIFMP) to Emissions Reduction Alberta will help to develop and manage a province-wide program for industry to become more…

CIB to lend Highland Electric up to $50 million to Expand Electric School Bus Fleet in Canada

CIB to lend Highland Electric up to $50 million to Expand Electric School Bus Fleet in Canada

May 21, 2024 The Canada Infrastructure Bank (CIB) has reached financial close on a loan facility with Highland Electric Fleets (Canada) ULC worth up to $50 million to help finance the purchase of hundreds of zero-emission school buses (ZEBs). Highland Electric will use the CIB loan facility to expand its Canadian business. The electric school buses will be leased…

Unprecedented Fire Test Proves Sungrow’s Utility-Scale Battery Array Prevents the Spread of Lithium-ion “Thermal Runaway”

Unprecedented Fire Test Proves Sungrow’s Utility-Scale Battery Array Prevents the Spread of Lithium-ion “Thermal Runaway”

July 22, 2024 In a first-of-its-kind test, Sungrow demonstrated the safety of its PowerTitan energy storage system. Sungrow intentionally lit a full-size 20ft standalone PowerTitan BESS on fire to ensure it could successfully contain “thermal runaway” without it spreading to other BESS units. The test featured four of Sungrow’s PowerTitan 2.752MWh integrated battery energy storage systems – not just a small cabinet with a few batteries inside. And in…

B.C.’s Energy Systems Work Together to Meet Demand During Cold Snap

B.C.’s Energy Systems Work Together to Meet Demand During Cold Snap

February 7, 2024 Statement attributed to Joe Mazza, vice president of energy supply and resource development, FortisBC: “FortisBC’s customers’ demand for energy peaks during periods of colder weather, which is precisely what we experienced during the first cold snap of the winter season with an increase in demand for both gas and electricity. “Customers rely…

Hydro Ottawa Presents 2023 Annual Report to City Council

Hydro Ottawa Presents 2023 Annual Report to City Council

June 25, 2024 Hydro Ottawa Holding Inc. presented its 2023 Annual Report, highlighting successes in enabling sustainable energy solutions for customers, preparing for and responding to extreme weather events, and maintaining a safe and reliable supply of electricity. Board Chair, Bernie Ashe, and President and Chief Executive Officer, Bryce Conrad, presented the company’s 2023 results during the…

Government of Canada Announces 10 Indigenous Communities Advancing Clean Energy Solutions

As the impacts of climate change are being felt across Canada, Indigenous and remote communities are doing their best to lead the way in the deployment of clean, renewable and reliable energy sources. These are integral in the fight against climate change and to create a more secure, resilient future.  Recently, the Government of Canada was pleased to announce that 10 remote Indigenous communities and First Nations have completed Phase 1 of the Indigenous Off-Diesel Initiative (IODI) Cohort 2.