O. Reg. 430/10: ADJUSTMENTS UNDER SECTION 25.33 OF THE ACT

 

ontario regulation 430/10

made under the

Electricity Act, 1998

Made: November 17, 2010
Filed: November 23, 2010
Published on e-Laws: November 24, 2010
Printed in The Ontario Gazette: December 11, 2010

Amending O. Reg. 429/04

(Adjustments under Section 25.33 of the Act)

1. Subsection 1.1 (1) of Ontario Regulation 429/04 is revoked and the following substituted:

Global adjustment

(1) For the purposes of this Regulation, the global adjustment for a month is the amount calculated by the IESO using the formula,

(A – B) + (C – D) + (E – F) + G + H

in which,

  “A” is the total amount payable by the IESO under section 78.1 of the Ontario Energy Board Act, 1998 to generators who are prescribed under that Act for the purposes of that section, or to the OPA on behalf of those generators, with respect to output for the previous month from units at generation facilities that are prescribed under that Act for the purposes of that section,

  “B” is the total amount that, but for section 78.1 of the Ontario Energy Board Act, 1998, would be payable by the IESO under the market rules to generators referred to in “A”, or to the OPA on behalf of those generators, with respect to the output referred to in “A”,

  “C” is the amount payable by the IESO to the Financial Corporation under section 78.2 of the Ontario Energy Board Act, 1998 for the previous month, less amounts payable by licensed distributors with respect to output for the previous month from generation facilities that are prescribed under that Act for the purposes of that section,

  “D” is the amount that, but for section 78.2 of the Ontario Energy Board Act, 1998, would be payable by the IESO under the market rules for the previous month with respect to output generated at, and ancillary services provided at, generation facilities that are prescribed under that Act for the purpose of that section and for which the Financial Corporation is the metered market participant,

  “E” is the amount payable by the IESO to the OPA under section 78.3 of the Ontario Energy Board Act, 1998 for the previous month, less amounts payable by licensed distributors to the OPA for the previous month in respect of procurement contracts referred to in that section,

“F” is the amount that, but for section 78.3 of the Ontario Energy Board Act, 1998, would be payable by the IESO to the OPA under the market rules for the previous month with respect to output and ancillary services in respect of which the OPA has entered into procurement contracts referred to in that section and that are generated or provided at generation facilities for which the OPA is the metered market participant,

  “G” is the amount payable by the IESO to the OPA under section 78.4 of the Ontario Energy Board Act, 1998 for the previous month, and

  “H” is, if the month commences on or after January 1, 2011, the sum of all amounts approved by the Board under section 78.5 of the Ontario Energy Board Act, 1998 that are payable by the IESO to distributors or the OPA for the month.

2. This Regulation comes into force on the day it is filed.