.. lack the ability and incentive to adjust their behaviour. We discuss the responsiveness of demand to price in more depth later in this report and, indeed, we flag this as a major issue that must be addressed if the Ontario electricity market is to reap the full benefits of competition. On the supply...

...) On a monthly basis however, the Figure 1-2 below shows that total outages increased in January and February 2004, offsetting most of the benefits of the increased supply in those months. 3 See the Spring 2004 issue of the IMOs Electricity Exchange for more...

.. in Chapter 1 and the Statistical Appendix. Chapter 2 surveys high and low prices and identifies other matters worthy of comment. Chapter 3 summarizes important changes to the market, reviews the efficiency of an IESO program and describes an issue at one of Ontarios interties. The final chapter summarizes...

.. the scheduling capability of the intertie. Another issue that the Panel has suggested for consideration by the IESO is the proper treatment of shared activation operating reserve and the loss of transmission elements. In reviewing the events leading to the HOEP of $258.60/MWh on May 30, 2006, we noted...

.. 1-1 (pp. 25-28) Given the persistent large number of intertie failures not under a market participants control, the Panel urges the IESO to continue to review this issue with New York ISO to better understand why there are such high failure levels and determine whether there are solutions which...

.. possible improvements to the load predictor tool to reduce dispatch inefficiencies from forecast errors arising from changes in dispatchable load consumption In this report, the Panel identifies another issue that might be resolved by an improvement in the load predictor tool. Given that the constrained...