Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the IESO?

April 26, 2017ieso

0

Posted

What is the IESO?

1 Answer

0

Posted

The Independent Electricity System Operator (IESO) controls Ontario s bulk electrical system, balancing the demand for and supply of electricity on a second-to-second basis to meet the electricity needs of over 11 million Ontarians. It also operates the competitive wholesale market, which involves, among other things, collecting offers from suppliers and bids from purchasers to determine the on-the-spot market price for electricity that reflects demand across the province. Formally, the IESO is a non-profit, regulated corporation without share capital established by the Electricity Act, 1998 (Ontario). It is independent of all other players in the industry and is managed in the interest of all involved.