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Regulatory

Our companies shall provide safe, reliable, and competitively priced electricity distribution, products and services to our customers.

At its core, Market Renewal is about improving the way electricity is priced, scheduled and procured in order to meet Ontario’s current and future energy needs reliably, transparently, efficiently and at lowest cost. This will effect the way electricity is purchased and settled by InnPower.

The Market Renewal project includes initiatives that will enable the province to more efficiently meet demand over the near and longer terms and include:

  • Reducing the cost of scheduling and dispatching resources to meet demand as it changes from hour-to-hour and minute-to-minute through the consolidation of separate financial and operational markets into a Single Schedule Market and transition from an hourly Ontario electricity price (HOEP) to a Zonal/Nodal price for the electricity commodity.
  • Introducing a Day-Ahead Market to provide greater certainty to market participants and lower the cost of producing electricity.
  • Improving the way Ontario acquires the resources to meet longer-term supply needs by implementing an Incremental Capacity Auction.

A presentation for consumers was held on November 20, 2018. A copy of the presentation can be downloaded at Market Renewal Consumer Education & Awareness

1. OEB Notice of Amendments to Codes

Amendments Overview
  • Codes Amended: Retail Settlement Code (RSC) and Standard Supply Service Code (SSSC).
  • Purpose: To facilitate the implementation of the Independent Electricity System Operator (IESO) Market Renewal Program (MRP).
Key Changes

Hourly Pricing:

      • New Calculation: The Hourly Ontario Energy Price (HOEP) will be replaced by the sum of the Day-Ahead Market Ontario Zonal Price (DAM OZP) and the Load Forecast Deviation Adjustment (LFDA) under normal market conditions.
      • Market Failure: If the Day-Ahead Market fails, the Real-Time Market Ontario Zonal Price (RTM OZP) will be used.

    Terminology:

      • New Term: Distributors should use "Ontario Electricity Market Price" on customer bills to reflect the combined DAM OZP and LFDA.

    Housekeeping Amendments:

      • Terminology Updates: References to "Independent Market Operator" and "IMO" are updated to "Independent Electricity System Operator" and "IESO".
    Implementation
    • Effective Date: The amendments will come into force on the date the MRP goes live, targeted for May 1, 2025.

    2. IESO Guide to MRP

    Local Distribution Companies (LDCs) play a role in settling generators contracted with the IESO under various programs, including:

    • Feed-In Tariff (FIT)
    • Hydroelectric Contract Initiative (HCI)
    • Hydroelectric Standard Offer Program (HESOP)
    • Large Renewable Procurement (LRP)
    • Renewable Energy Standard Offer Program (RESOP)
    Key Points:
    • HOEP Replacement: Contracts reference the Hourly Ontario Electricity Price (HOEP), which will be replaced by the sum of the Day-Ahead Ontario Zonal Price (DA-OZP) and the Load Forecast Deviation Adjustment (LFDA).
    • Implementation: No amendments to the contracts are required. The IESO notified affected generators about the replacement of HOEP.
    • Effective Date: The changes will take effect upon the implementation of the Market Renewal Program (MRP).

    Market Renewal FAQ's


    For more information regarding the IESO Market Renewal follow IESO Market Renewal

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Regular business hours will resume on December 29th, 2025.
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    DISCLAIMER:

    This hosting capacity map is provided for informational purposes only. It is not intended to be, and should not be relied upon as, a basis for determining the permissible capacity of distributed energy resources (DERs) that may be interconnected to the distribution system. Separate and specific analysis is required to determine DER capacity on the distribution system. Further, the information, data and materials are provided on an “as is” basis and while InnPower Corporation provides this information in good faith, INNPOWER CORPORATION does not warrant, covenant or guarantee, in an expressed or implied form, arising by law or otherwise, the completeness, effectiveness, accuracy and/or fitness or the information for any particular use. INNPOWER CORPORATION does not assume responsibility nor accept any liability arising from any use of the information. This information is proprietary and may not be reproduced without consent from INNPOWER CORPORATION.

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