As Ontario’s electricity market undergoes its most significant transformation in decades, Power Advisory is tracking the implementation of the IESO’s Market Renewal Program (MRP) in real time. Our weekly summaries provide timely, data-driven analysis of key trends, price signals, and market impacts. Power Advisory will help stakeholders navigate the evolving landscape with clarity and confidence. Whether you're a market participant, policymaker, or energy consumer, these updates offer grounded insights to support strategic decision-making in the new market environment.
The fourth full week of the post-Market Renewal Program (MRP) (“renewed market”) has passed. Overall, the magnitude of real-time price volatility was lower throughout the week, with fewer hours where prices moved significantly above the marginal cost of gas-fired generation. Overall, real-time pricing in the energy market over the past week was more aligned with historical pricing in the legacy market.
Read Full ReportThe third full week of the post-Market Renewal Program (MRP) (“renewed market”) has passed. The real-time market continues to experience significantly more volatility than the Day-Ahead Market (DAM) in both the energy and Operating Reserve (OR) markets, while a number of nodes posted extremely volatile Locational Marginal Prices (LMPs) during the week, particularly in real-time.
Read Full ReportThe second full week of the post-Market Renewal Program (MRP) has passed and a number of trends from the first week remained in place.
Read Full ReportThe IESO’s Market Renewal Program (MRP) has officially launched and completed its first week. According to the IESO’s MRP implementation plan, the full transition to MRP is now complete.
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