Introduction to interjurisdictional energy trading

This workbook introduces the basic concepts of Interjurisdictional Energy Trading (IJT) in the Independent Electricity System Operator's (IESO) administered markets to assist in the IESO training of market participants. The IESO controlled grid is connected to five jurisdictions with intertie transmission lines that allow Ontario to import and export energy. The workbook contains a listing of the markets in which importers and exports can participate; description of the three types of import and export transactions and how they relate to transactions within Ontario; a differentiation between Ontario prices and prices used for imports and exports; an explanation of the impact imports and exports have on Ontario prices, how prices are set for imports and exports, how imports and exports are scheduled, and how congestion management settlement credits are calculated for intertie transactions; a calculation of intertie offer guarantee (IOG) payments; an explanation of the application of the net interchange schedule limit; a discussion of the settlements process and associated charge types; and an explanation of schedule compliance requirements and potential enforcement actions. tabs., figs