Market Surveillance Panel Releases Electricity Market Monitoring Report
This is the Market Surveillance Panel's first report as a panel of the OEB and the sixth monitoring report since the Independent Electricity System Operator (IESO)-administered markets opened in 2002.
The Panel's review states "We are satisfied that the IESO-administered markets continued to function well over the six-month period spanning the winter and early spring 2005. While prices were on average more than 11 percent higher than the comparable period in 2003-2004 we attribute this largely to higher fuel costs and a significant level of generator outages, particularly in April 2005." As well, the Panel found "...no evidence of inappropriate behaviour by market participants."
The Market Surveillance Panel is appointed by the Ontario Energy Board.
The mandate of the three-member Panel is to monitor, and where appropriate, investigate the activities and conduct of participants in the markets that the IESO administers and make any recommendations it feels are appropriate.
The Panel's report can also serve as a detailed source of information on the operation of the market during the review period. The report is on the OEB Web site.
Related News
Wind and solar make more electricity than nuclear for first time in UK
LONDON - Wind farms and solar panels produced more electricity than the UK’s eight nuclear power stations for the first time at the end of last year, official figures show.
Britain’s greenhouse gas emissions also continued to fall, dropping 3% in 2017, as coal use fell and the use of renewables climbed.
Energy experienced the biggest drop in emissions of any UK sector, of 8%, while pollution from transport and businesses stayed flat.
Energy industry chiefs said the figures showed that the government should rethink its ban on onshore wind subsidies, a move that ministers have hinted could happen soon.
Lawrence Slade, chief executive…
