The IESO oversees the settlement of the electricity market, global adjustment, and various programs ensuring cash receipts match cash disbursements. The IESO utilizes the credit facility to manage the temporary timing differences between cash receipts and disbursements that may occur in the process. As a part of the IESO's tri-annual renewal of the credit facility, the IESO is now required to pay standby fees on the unutilized balance of the credit facility. While new to the IESO, standby fees are standard practice for debt arrangements.
The proposed Market Rule amendments establish a mechanism to recover the associated financing costs to manage the credit facility from market participants.
All comments and enquiries on this engagement can be directed to engagement@ieso.ca.
Feedback due following the October 14, 2026 webinar.
October 14, 2026
Public Engagement Session
The IESO will provide an overview of the IESO’s need and use of a credit facility and present changes introduced from the most recent tri-annual renewal.
