Maximizing competition with market enhancements

This session presented highlights from 5 guest speakers who commented on ways to maximize competition with market enhancement. The moderator noted that at the four-month mark, the open electricity market in Ontario is operating reasonably well. The role of energy standards in an open electricity market were discussed with reference to FERC Orders 888, the Oasis 2A Notice of Public Rulemaking, Order 2000, and FERC's Standard Market Design. It was noted that since there is significant electricity trade between Ontario and its neighbours, particularly in the United Sates, many aspects of wholesale electricity market design rules will have to be standardized to ensure compatibility and to ensure that transactions can continue smoothly. It was emphasized that the open market will be driven by supply and demand and that the price of electricity should not be a deterrent for investors. figs