Independent Electricity System Operator
- Independent Electricity System Operator
The Independent Electricity System Operator (IESO) is a Crown corporation responsible for operating the electricity market and directing the operation of the bulk electrical system in the province of Ontario, Canada.
The IESO was established in April 1999 as the Independent Electricity Market Operator (IMO) under the provincial government of premier Mike Harris in preparation for deregulation of the province's electrical supply and transmission system. As part of government plans to privatize the assets of Ontario Hydro, the utility was split into 5 separate Crown corporations with the IMO responsible for directing the flow of electricity across the high-voltage, province-wide network owned by Hydro One and other transmission companies. It was also given the responsibility of managing and operating the competitive wholesale electricity market and working with neighbouring jurisdictions to manage an integrated North American electricity network.
The IMO was renamed to the IESO in January 2005 as a result of the passage of Bill 100, which redefined the direction of deregulation and also lead to the creation of the Ontario Power Authority.
The IESO is an independent, not-for-profit entity. It is governed by a board whose directors are appointed by the government of Ontario, its fees and licences are set by the Ontario Energy Board and, most importantly, it operates independently of all participants in the electricity market.
ee also
* Ontario Hydro
* Ontario Power Generation
* Hydro One
External links
* [http://www.ieso.ca/ IESO Website]
* [http://www.oeb.gov.on.ca/ Ontario Energy Board]
Wikimedia Foundation.
2010.
Look at other dictionaries:
Independent Electricity System Operator — L Independent Electricity System Operator (IESO) est une société de la Couronne du gouvernement provincial de l Ontario responsable du marché de l électricité et de l exploitation du réseau de transport de l électricité dans la province… … Wikipédia en Français
Midwest Independent Transmission System Operator — Type Non profit: Independent System Operator; Regional Transmission Organization Headquarters Carmel, Indiana Website https://www.midwestiso.org … Wikipedia
Independent System Operator — An Independent System Operator (ISO) is an organization formed at the direction or recommendation of the Federal Energy Regulatory Commission (FERC). In the areas where an ISO is established, it coordinates, controls and monitors the operation of … Wikipedia
New Brunswick System Operator — The New Brunswick System Operator (NBSO) is an independent not for profit statutory corporation created under New Brunswick’s Electricity Act on October 1, 2004. Under the Act, NBSO is responsible for the adequacy and reliability of the… … Wikipedia
Electricity market — An electricity market is a system for effecting the purchase and sale of electricity using supply and demand to set the price. Wholesale transactions in electricity are typically cleared and settled by the grid operator or a special purpose… … Wikipedia
Transmission system operator — In electrical power business, Transmission System Operator (TSO) refers to the operator that transmits electrical power from generation plants to the regional or local electricity distribution operators.DescriptionTransmission System Operators… … Wikipedia
Electricity Supply Board — Infobox Company company name = Electricity Supply Board company company type = Statutory Corporation foundation = Dublin, Ireland (1927) location = Dublin, Ireland key people = Padraig McManus, CEO Lochlann Quinn Chairman num employees = 7000… … Wikipedia
Ontario electricity policy — refers to plans, legislation, incentives, guidelines, and policy processes put in place by the Government of the Province of Ontario, Canada, to address issues of electricity production, distribution, and consumption. Policymaking in the… … Wikipedia
Open Access Same-Time Information System — The Open Access Same Time Information System (OASIS), is an Internet based system for obtaining services related to electric power transmission in North America. It is the primary means by which high voltage transmission lines are reserved for… … Wikipedia
New Zealand electricity market — New Zealand s electricity market is regulated by the Electricity Industry Participation Code administered by the Electricity Authority (NZ). The Authority was established in November 2010 to replace the Electricity Commission (NZ) and its… … Wikipedia
