The IESO’s Market Assessment and Compliance Division (MACD) is seeking input from market participants, consumers, community representatives and other stakeholders with respect to modernizing the enforcement processes to support reliability, market efficiency and market integrity.
The Enforcement Modernization engagement offers stakeholders the opportunity to take part in a comprehensive review of the enforcement provisions. These provisions have not been modernized since inception in 2002.
The intended changes coming out of this robust review will include market rule and manual amendments to drive some of the following outcomes:
Improve the efficiency of the enforcement regime (e.g. reduce regulatory burden, streamline the dispute resolution process);
Improve the effectiveness of the enforcement regime (e.g. incentivize compliance, ensure penalties are calibrated for sufficient deterrent effect, simplify the penalty assessment factors); and
Clarify the enforcement regime (e.g. further definition and specificity of terms, concepts and powers).
As part of this effort, MACD is also looking to market participants, consumers, community representatives and other stakeholders for their insights and suggestions for additional objectives they would like to see included.
All comments and enquiries on this engagement can be directed to engagement@ieso.ca.
