From Wikipedia, the free encyclopedia
The
Independent Electricity System Operator
(
IESO
) is the
Crown corporation
responsible for operating the
electricity market
and directing the operation of the
bulk electrical system
in the province of
Ontario
, Canada. It is one of seven
independent system operators
in
North America
.
The IESO was established in April 1999 as the
Independent Electricity Market Operator
(
IMO
) under the
government of Ontario
during the premiership of
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 five 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 led 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 were set by the
Ontario Energy Board
and it operates independently of all participants in the electricity market.
In April 2012, the Energy Minister of Ontario
Chris Bentley
introduced legislation in
provincial Parliament
to merge the
Ontario Power Authority
and IESO.
[1]
The merger was expected to take place in late 2012. After the
Premier of Ontario
Dalton McGuinty
resigned in the fall of 2012, the merger was postponed.
As of January 1, 2015 the IESO and the
Ontario Power Authority
were merged.
[2]
See also
[
edit
]
References
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]
External links
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Current
| United States
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Canada
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United States and Canada
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Former
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- NBSO
(dissolved October 1, 2013)
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