Transmission Rights Market Review (SE-68)

Transmission rights are financial instruments that are periodically auctioned by the IESO and are purchased by market participants to hedge against intertie congestion costs or as speculative investments. Holders of transmission rights are entitled to a revenue stream based on the number of rights they hold and the spot market price differences between Ontario and external zones.

The IESO, in response to a request made by the IESO Board of Directors, will be analyzing the current design of the transmission rights market and provide any recommended changes, if applicable.

The analysis will cover three main areas:

Market design (terms of the rights, funding model, etc.)
Transmission Rights Clearing Account
Confidence Level

This stakeholder engagement plan has been developed to define the opportunity for stakeholder involvement in the analysis of transmission rights market and any recommended changes.

Stakeholder Engagement Plan
Stakeholder Engagement Plan (Revised, April 29, 2009)

For more information on this stakeholder initiative or to participate in the next meeting, email stakeholder.engagement@ieso.ca.

Proposed Activities

Date Agenda/Minutes	Supporting Material	Expected Actions
Q1, 2010	Market Manual changes
Q1, 2010	Market Rule changes
Q4, 2009	Provide recommendation to the IESO Board	Post decision by IESO Board
Q4, 2009	Presentation to the Stakeholder Advisory Committee	Deliberation –Input requested from sector members
Q3, 2009	Post revised paper incorporating feedback from stakeholders	IESO to post revised paper
Q3, 2009	Deadline for comments on discussion paper and recommended changes	IESO to post feedback from stakeholders.
Q3, 2009	Presentations to existing standing committees	Dialogue – IESO to gather feedback from stakeholders
Q3, 2009	Post discussion paper and recommended changes	Dialogue - IESO to publish discussion paper
April 30, 2009	Communication on Revised Stakeholder Engagement Plan	Stakeholders to provide written feedback
August 21, 2008	Deadline for comments on stakeholder plan • No stakeholder comments received	IESO to post feedback from stakeholders
August 19, 2008	Presentation to Market Pricing Working Group on the areas that will be addressed in the discussion paper	Stakeholders to provide feedback
August 7, 2008	Post and communicate stakeholder engagement plan	Stakeholders to provide written feedback