Capacity Auction

An announcement was made to defer the June 2020 Capacity Auction to Q4 2020. This page will be updated with further information as it becomes available.

Capacity auctions are an effective tool to help meet Ontario’s reliability needs and enable broader participation in the electricity market. Aligned with our commitment to increase competition, the IESO is proposing to adopt a phased approach to evolve the Capacity Auction (CA) while taking into consideration the unique nature of Ontario’s electricity system.

The IESO will engage stakeholders to improve design features that support sector participation, reliability, and affordability for consumers for incorporation into future auctions. This engagement builds on the stakeholder discussion regarding “Meeting Ontario’s Capacity Needs.”

The IESO is committed to working with stakeholders to explore and implement competitive mechanisms, such as auctions, to secure the products and services it requires to operate the grid reliably and efficiently now and into the future.

As part of this process, feedback is being requested from stakeholders on specific aspects of the ongoing evolution of the CA. This engagement plan outlines the objectives, approach, timeline and considerations for engaging stakeholders in that process. This engagement plan may be subject to review and updates, as the project continues. All comments and inquiries on this engagement can be directed to engagement@ieso.ca.

 

Schedule of Activities

Date

Materials

Expected Actions

April 15, 2020

Engagement webinar - Cancelled                     


April 3, 2020

Communication

Stakeholder Feedback

 

March 26, 2020

 

Stakeholder feedback due on draft design document for the March 2021 Capacity Auction

 

March 12, 2020

Agenda

Webinar on draft design document

 

 

March 11, 2020

June 2020 Capacity Auction Market Trial

Test Plan: June 2020 Market Trial

Presentation - March 11 MT Webinar

Market Trial to take place from March 11-24, 2020

 

February 7, 2020

Stakeholder feedback due on materials presented at January 23rd webinar

 

January 29, 2020

June 2020 Capacity Auction - Market Trial Overview Document

 

January 24, 2020

 

January 23, 2020

Agenda

Meeting Minutes

Engagement Meeting      

Feedback form

 

 

December 20, 2019            

Stakeholder feedback due on draft market rules and market manuals for June 2020 auction and on design proposals for December 2020 auction 

 

December 6, 2019

Agenda

Meeting Minutes

 

Meeting to present the final June 2020 design document and draft market rules and manuals         

Meeting Materials

June 2020 Design Document – revised

Draft Market Rules – June 2020 Capacity Auction

Draft Market Manuals – June 2020 Capacity Auction

 

November 15, 2019

Stakeholder feedback due on draft design document

 

October 25, 2019

Agenda

Minutes

Meeting to review feedback on design proposals and present draft design document for June 2020 auction

 

October 18, 2019

June 2020 Capacity Auction Draft Design

 

October 7, 2019

Stakeholder feedback due on draft design proposals for June 2020 auction

 

September 20, 2019

Agenda

Minutes

Meeting to begin discussion on June 2020 auction design

  • Review initial feedback on scope of the work plan
  • Discuss initial set of design proposals for June 2020 auction, including design proposals specific to auction mechanics (reference price and maximum auction clearing price)
  • Communication
  • Presentation
 

September 5, 2019

Stakeholder feedback due on draft engagement plan, and high-level scope

 

August 22, 2019

Minutes

Introductory discussion and presentation of the purpose, high-level scope, and timing of this engagement

 

Engagement Activities: March - July 2019

Schedule of Activities

Timing                   

Engagement  Activity                                                              

 Expected Actions

Phase One Engagement 

July 2019

Stakeholder Feedback

 

June/ July 2019

 

June 14, 2019

Minutes

 

Meeting to review stakeholder feedback on the draft market rules and manuals.

Draft Market Rules and Manuals

 

June 5, 2019

Stakeholder Feedback

 

May 22, 2019

Agenda

Minutes

Meeting to discuss the next steps for Phase One design

Draft Market Rules


May 21, 2019

 

Stakeholder Feedback

 

May 6, 2019

Minutes

Generator Participation Webinar

 

May 2, 2019

Stakeholder Feedback on Phase One design

 

April 18, 2019

Agenda

Minutes

Meeting to respond to initial questions and feedback on Phase One design

  • Provide an opportunity for stakeholders to clarify items of uncertainty; discuss initial feedback
  • Presentation
 

 

April 11 – May 2, 2019

Window for written feedback submissions on Phase One design

 

April 11, 2019

Release of Phase One design 

  • Seeking feedback on key challenges, barriers, and opportunities
  • Feedback Form

The deadline for feedback is May 2, 2019.

 

March 25, 2019

Stakeholder feedback due on engagement plan

Stakeholder Feedback

 

March 7, 2019

Agenda

Minutes

Introductory discussion and presentation of the design approach

  • Discuss the purpose of the engagement and high-level work plan for 2019; discuss areas for feedback; solicit initial feedback on proposed engagement approach.