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Market Renewal

Market Renewal

The Market Renewal Program (MRP) is introducing fundamental reforms to the province’s electricity markets to improve how we supply, schedule and price electricity to meet Ontario’s future needs at the lowest cost.

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Upcoming Events

Draft Market Power Mitigation batch of market rules and market manuals posted for stakeholder review
August 12, 2021

MRP Technical Advisory Group Meeting
August 13, 2021

August Stakeholder Engagement Days
August 24-26, 2021

September Stakeholder Engagement Days
September 21-23, 2021

                                                                 Events Calendar >

Overview

The program initiatives – the single schedule market (SSM)day-ahead market (DAM) and enhanced real-time unit commitment (ERUC) – will make improvements to the current market design, leading to system efficiencies and support the grid of the future. This project will deliver significant value to the system and ratepayers – an expected $800 million in benefits in the first 10 years alone.

Market Renewal Key Milestones

Market Renewal Timeline

New video explains the Market Renewal Program

Check out the new video - An Introduction to Market Renewal – and learn about the changes we are making to Ontario’s electricity markets, including how we schedule and price electricity.