John Spears' article at the Star uncovers companies making money by playing the Independent Electricity System Operator (IESO) and manipulating market rules - specifically the Congestion Management Settlement Credit (CMSC).
Mr. Spears digs deep for this breaking story with an unnamed watchdog on the trail of questionable practices that drive up the price of the Global Adjustment (now around $4 billion a year), and therefore, either directly, or indirectly, the price of electricity for all Ontario's consumers of electricity. What Mr. Spears fails to write is that the issue was known 3 years ago, at the IESO.
Perhaps a reporter could revisit the issue - this time including the perspective that the IESO is not only not addressing the issues in Mr. Spears' article, it has put far more effort into how to pay wind suppliers not to supply (by expanding the CMSC program) than it has into controlling supply.
In the context of the Spears' article claiming suppliers are getting bids accepted knowing the lines won't be able to take the electricity, and the IESO's website indicating they have continued to be duped despite knowing the issue for at least 3 years, I think we citizens deserve a sacrifice at the IESO, to indicate accountability is at least worthy of faking.
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