PART III THE ELECTRICITY MARKETS
Market rules
32 (1) The IESO may make rules, (a) governing the IESO-controlled grid; (b) establishing and governing markets related to electricity and ancillary services; and (c) establishing and enforcing standards and criteria relating to the reliability of electricity service or the IESO-controlled grid, including standards and criteria relating to electricity supply generated from sources connected to a distribution system that alone or in aggregate could impact the reliability of electricity service or the IESO-controlled grid.  1998, c. 15, Sched. A, s. 32 (1); 2004, c. 23, Sched. A, s. 41 (1, 2); 2009, c. 12, Sched. B, s. 11 (1). Examples (2) Without limiting the generality of subsection (1), the market rules may include provisions, (a) governing the making and publication of market rules; (b) governing the conveying of electricity into, through or out of the IESO-controlled grid and the provision of ancillary services; (c) governing standards and procedures to be observed in system emergencies; (d) authorizing and governing the giving of directions by the IESO, including, (i) for the purpose of maintaining the reliability of electricity service or the IESO-controlled grid, directions requiring persons, including persons providing electricity supply generated from sources connected to a distribution system, within such time as may be specified in the direction, to synchronize, desynchronize, increase, decrease or maintain electrical output, to take such other action as may be specified in the direction or to refrain from such action as may be specified in the direction, and (ii) other directions requiring market participants, within such time as may be specified in the direction, to take such action or refrain from such action as may be specified in the direction, including action related to a system emergency; and (e) authorizing and governing the making of orders by the IESO, including orders, (i) imposing financial penalties on market participants, (ii) authorizing a person to participate in the IESO-administered markets or to cause or permit electricity to be conveyed into, through or out of the IESO-controlled grid, or (iii) terminating, suspending or restricting a person’s rights to participate in the IESO-administered markets or to cause or permit electricity to be conveyed into, through or out of the IESO-controlled grid.  1998, c. 15, Sched. A, s. 32 (2); 2004, c. 23, Sched. A, s. 41 (2-6); 2009, c. 12, Sched. B, s. 11 (2). General or particular (3) A market rule may be general or particular in its application.  1998, c. 15, Sched. A, s. 32 (3). Legislation Act, 2006, Part III (4) Part III (Regulations) of the Legislation Act, 2006 does not apply to the market rules or to any directions or orders made under the market rules.  1998, c. 15, Sched. A, s. 32 (4); 2006, c. 21, Sched. F, s. 136 (1). Publication and inspection of market rules (5) The IESO shall publish the market rules in accordance with the market rules and shall make the market rules available for public inspection during normal business hours at the offices of the IESO.  1998, c. 15, Sched. A, s. 32 (5); 2004, c. 23, Sched. A, s. 41 (7). Notice to Board (6) The IESO shall not make a rule under this section unless it first gives the Board an assessment of the impact of the rule on the interests of consumers with respect to prices and the reliability and quality of electricity service.  2004, c. 23, Sched. A, s. 41 (8). Transition (7) All rules made before subsection 4 (1) of Schedule A to the Electricity Restructuring Act, 2004 comes into force remain in effect until amended or revoked in accordance with this Act.  2004, c. 23, Sched. A, s. 41 (8). (8), (9) Repealed:  2004, c. 23, Sched. A, s. 41 (8). Section Amendments with date in force (d/m/y) 2002, c. 23, s. 3 (8) - 09/12/2002;
2002, c. 23, s. 3 (9)
- no effect - see 2004, c. 23, Sched. A, s. 41 (8) - 01/01/2005 2004, c. 23, Sched. A, s. 41 (1-8) - 01/01/2005 2006, c. 21, Sched. F, s. 136 (1) - 25/07/2007 2009, c. 12, Sched. B, s. 11 (1, 2) - 09/09/2009