The IMO: Ontario's ISO Report Splits from Provincial White Paper on Grid Ownership, Transmission Pricing

Fortnightly Magazine - July 1 1998
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SET UP in January by the Ontario Minister of Energy, Science and Technology, and led by Ronald J. Daniels, law faculty dean at the University of Toronto, the Market Design Committee issued its first interim report on March 31, presenting recommendations on two issues: (1) governance, operation and regulation of the Independent Market Operator, and (2) principles of market design.

IMO FUNCTIONS. The functions of the IMO were set out in November in the Ontario provincial white paper on electricity sector reform. (See, Direction for Change: Charting a Course for

Competitive Electricity and Jobs in Ontario).

1. IMO runs the electricity exchange, with power dispatched according to least-cost bids, and arranges financial settlements between buyers and sellers.

2. IMO forecasts supply requirements, encourages needed investments and advises provincial government on reliability.

3. IMO manages market impartially, guarding against abuse

of market power.

4. IMO works with the Ontario Energy Board to ensure

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adequate transmission capacity.

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