Payments to licensed distributors by the IESO
5. (1) The IESO shall make a payment to every licensed distributor who is a market participant and is required to make a payment described in section 2 to a retailer, equal to the payment, if any, that the licensed distributor is required to make under section 2 to the retailer. O. Reg. 341/02, s. 5 (1); O. Reg. 480/05, s. 1. (2) The IESO shall make the payment to a licensed distributor required under subsection (1) after receipt by the IESO of a statement from the licensed distributor setting out the information, if any, provided to the licensed distributor by the retailer under clause 2 (4) (a). O. Reg. 341/02, s. 5 (2); O. Reg. 480/05, s. 1. (3) The IESO shall make a payment to every licensed distributor who is a market participant and who is required to make a payment described in section 3 to an embedded distributor, equal to the payment, if any, that the licensed distributor is required to make under section 3 to the embedded distributor. O. Reg. 341/02, s. 5 (3); O. Reg. 480/05, s. 1. (4) The IESO shall make the payment to a licensed distributor required under subsection (3) after receipt by the IESO of a statement from the licensed distributor setting out the information, if any, provided to the licensed distributor by embedded distributors under clause 3 (4) (a). O. Reg. 341/02, s. 5 (4); O. Reg. 480/05, s. 1. (5) The IESO shall make a payment to every licensed distributor who is a market participant and who is required to make a payment under subsection 79.1 (1) of the Act equal to the amount, if any, determined by multiplying $75 by the number of payments the licensed distributor is required to make under subsection 79.1 (1) of the Act to low-volume consumers, after receipt of a statement from the licensed distributor setting out, (a) the total number of the licensed distributor’s low-volume consumers to whom the licensed distributor is required to make a payment under subsection 79.1 (1) of the Act; and (b) the total amount payable by the licensed distributor to the consumers referred to in clause (a). O. Reg. 341/02, s. 5 (5); O. Reg. 480/05, s. 1. (6) The IESO shall make a payment to a licensed distributor required under this section, (a) by paying the licensed distributor an amount payable to the licensed distributor under this section; or (b) by way of set-off of an amount payable to the licensed distributor under this section against amounts payable by the licensed distributor to the IESO. O. Reg. 341/02, s. 5 (6); O. Reg. 480/05, s. 1. (7) The IESO shall make the payments required under this section even if the licensed distributor has not yet made any payments to the low-volume consumers required under subsection 79.1 (1) of the Act, any payments to retailers required under section 2 or any payments to embedded distributors required under section 3. O. Reg. 341/02, s. 5 (7); O. Reg. 480/05, s. 1. (8) Every licensed distributor who is a market participant shall provide the following information to the IESO and the Financial Corporation forthwith after making all payments required under subsection 79.1 (1) of the Act to low-volume consumers: 1. The total number of the licensed distributor’s low-volume consumers to whom the licensed distributor made a payment under subsection 79.1 (1) of the Act. 2. The total amount payable by the licensed distributor to the consumers referred to in paragraph 1. O. Reg. 341/02, s. 5 (8); O. Reg. 480/05, s. 1.