1. MARKET RENEWAL ARRIVES IN ONTARIO On May 1st, 2025, Ontario’s Independent Electricity System Operator (“IESO”) officially launched its renewed market, known as the Market Renewal Program ((“MRP”) or the “renewed market”). The renewed market represented the most significant redesign […]

Ontario’s electricity market is materially different than the one envisioned when it opened in May 2002. In the lead-up to market opening, the electricity market was expected to provide competition, lower prices and transparent price signals to both consumers and investors[…]