Incremental Capacity Auction Engagement

The IESO is working with stakeholders to design and develop an Incremental Capacity Auction (ICA). The ICA initiative will develop an enduring market-based mechanism that will secure incremental capacity to help ensure Ontario’s reliability needs are met cost effectively. Developing an ICA is a key element of the IESO’s Market Renewal program. 

Background

The province currently meets its capacity needs through a combination of regulated and contracted resources. This approach has been instrumental in transitioning to a cleaner supply mix while ensuring reliability over the years. Looking ahead, we have an opportunity to draw on the experiences of other electricity markets to meet our reliability needs more cost effectively.

Capacity auctions have been implemented by many jurisdictions with much success. Capacity auctions can achieve efficiency benefits by creating a competitive market for suppliers, increasing the system’s ability to adjust to changing supply and demand dynamics, and attracting low-cost, non-traditional capacity resources that are unlikely to be identified in the absence of a competitive auction. For suppliers, capacity auctions provide enduring and transparent mechanisms to get paid for capacity they can supply. For consumers, capacity auctions ensure that capacity is secured at lowest cost.

Get Involved

As Market Renewal will address the fundamental design issues of Ontario’s electricity marketplace, this project will be of interest to market participants and other stakeholders.

Interested parties are invited to participate in, and provide feedback on, any of the Market Renewal initiatives.

For more information about how to become involved or to provide comments on the project, please contact engagement@ieso.ca.

Stakeholder Engagement Plan (Draft)

Incremental Capacity Auction High-Level Design (full document)

Executive Summary

Backgrounder

ICA Issues & Actions Log

ICA Design Tracker


Documents referenced on this page, but not posted, can be obtained by contacting engagement@ieso.ca with a link to the web page that lists the document and advise whether it needs to be provided in an accessible format. Please allow a minimum of one business day for a response.


Schedule of Activities

Date
Agenda
Minutes

Activities

Expected Actions

December 16, 2019

Final Engagement Summary Report

 

July 16, 2019

Market Renewal Update on the ICA

  • Communication
 

June 25, 2019

 ICA – LDC Webinar (Postponed)

  • Communication
  • Communication
 

May 17, 2019

Deadline for feedback on ICA HLD

Stakeholder Feedback:

  • AEMA
  • Alectra
  • AMPCO
  • APPrO
  • Brookfield Renewable
  • Canadian Manufacturers & Exporters
  • Capital Power
  • Consortium of Renewable Generators, Energy Storage Providers, and Industry Associations
  • Electricity Distributors Association
  • Enbridge Gas
  • Enel X
  • Gerdau
  • Goreway
  • Hydro One
  • Hydro Ottawa
  • Hydrostor
  • ITC Holdings
  • Market Surveillance Panel
  • Northland Power
  • Ontario Energy Association
  • Ontario Power Generation
  • Ontario Waterpower Association
  • Peak Power
  • Power Workers Union
  • Rodan Energy Solutions
  • Toronto Hydro
  • TransAlta
  • York University
 

April 23, 2019

Agenda

ICA HLD Q&A Session

 

March 22, 2019

Release of draft ICA High-Level Design

  • Feedback Form
 

March 6, 2019

Agenda

Minutes

 Stakeholder Meeting

  • Communication
  • Presentation
                       

December 14, 2018

Stakeholder Feedback

  • Advanced Energy Management Alliance
  • AMP Energy
  • Consortium of Renewable Generators and Storage Providers
  • Enel X
  • ITC Holdings
  • Market Surveillance Panel
  • Ontario Energy Association
  • Ontario Waterpower Association
  • Rodan Energy
  • TransAlta

IESO Response to Stakeholder Feedback

 

November 16, 2018

Deadline for feedback on preliminary design decisions and demand curve analysis

  • Communication
  • Feedback form
 

October 18-19, 2018

Minutes

Stakeholder Meeting

  • ICA Participation Model – Preliminary Decisions
  • ICA Demand Curve Analysis:  Preliminary Findings Regarding the Demand Curve for a Two-Season Auction


September 12, 2018

Minutes

Stakeholder Meeting

  • Communication
  • Presentation

 

July 11, 2018

Stakeholder Feedback

  • APPrO
  • DERAC

IESO Response to Stakeholder Feedback

 

June 14, 2018

Minutes

Stakeholder Meeting

  • Presentation
  • Feedback Template
           

May 17, 2018

Stakeholder Feedback

  • Advanced Energy Management Alliance
  • APPrO
  • City of Toronto

IESO Response to Stakeholder Feedback

 

April 19, 2018

Meeting Notes

Stakeholder Meeting

  • Presentation
  • Feedback Template
      

April 13, 2018

Deadline for stakeholder feedback on materials and issues discussed at March 7th meeting

Stakeholder Feedback

  • Advanced Energy Management Alliance (AEMA)
  • AMPCO
  • APPrO
  • Capital Power
  • Hydrostor Inc.
  • NRGCS
 

March 7, 2018

Agenda

Minutes

Stakeholder Meeting

  • Presentation
  • Feedback Template
 

February 21, 2018

Stakeholder Feedback

  • APPrO
  • Capital Power
  • EnerNOC, Inc.
  • Nalcor Energy Marketing

IESO Response to Stakeholder Feedback

 

January 24, 2018

Agenda

Minutes

Stakeholder Meeting

  • Feedback Template
  • Presentation
  • ICA Demand Curve Development: Proposed Approach for Ontario
          

 

January 8, 2018

ICA Feedback Template for December 4 Meeting and Feedback Deadline Reminder

  • Feedback Template

Stakeholder Feedback

  • APPrO
  • EnerNOC, Inc.
  • HQ Energy Marketing Inc.
  • Nalcor Energy Marketing
  • Ontario Waterpower Association

IESO Response to Stakeholder Feedback

 

December 4, 2017

Agenda

Minutes

Stakeholder Meeting - PHASE II - Options and Preliminary Decisions

  • Presentation

December 4, 2017

Deadline for stakeholders to submit feedback on materials discussed at November 6th meeting

  • APPrO
  • EnerNOC, Inc.
  • Hydro Quebec Energy Marketing
  • Ontario Waterpower Association
  • Whisker Labs

IESO Response to Stakeholder Feedback

 

November 10, 2017

Communication

  • Feedback Template
 

November 6, 2017

Agenda

Minutes

Stakeholder Meeting

PHASE II - Options and Preliminary Decisions

  • Presentation

 

October 26, 2017

Stakeholder Feedback

  • AMPCO
  • APPrO
  • Brookfield Renewable
  • Energy Storage Canada
  • EnerNOC, Inc.
  • Hydro Quebec Energy Marketing
  • Nalcor Energy
  • NRG Curtailment Solutions, Inc.
  • Ontario Power Generation
  • Ontario Waterpower Association

IESO Response to Stakeholder Feedback

 

September 28, 2017

Agenda

Minutes

Stakeholder Meeting - Options

  • Presentation

September 13, 2017

Stakeholder Feedback

  • AMPCO
  • APPrO
  • Bruce Power
  • EnerNOC, Inc.
  • Hydro Quebec Energy Marketing
  • Ontario Power Generation
  • Ontario Waterpower Association
  • Power Advisory LLC on behalf of CanWEA and a Consortium of Renewable Generators
  • Powerful Solutions
  • Storage Power Solutions Inc.

IESO Response to Stakeholder Feedback

 

August 18, 2017

  • Communication
  • ICA - Options Feedback Form
 

August 16, 2017

Agenda

Minutes

Stakeholder Meeting


July 20, 2017

Agenda

Minutes

Stakeholder Meeting – ICA Fundamentals and Concepts

  • Phase 1 - Fundamentals and Concepts

Recorded Presentation

June 15, 2017
Agenda

Minutes

Stakeholder Meeting – ICA Fundamentals and Concepts

  • Phase 1 - Fundamentals
  • Capacity Auction Forward-Period
  • Uniform Price vs. Differentiated Payment Auctions

Recorded Presentation

May 18, 2017
Agenda

Minutes

Stakeholder Meeting – Intro to Engagement, Overview of Design Elements and Scope

  • Presentation

Materials posted one week in advance of meeting

May 2017

Post Draft Stakeholder Engagement Plan

 

April 27, 2017

Launch Engagement and Communication