Payments, retailers using distributor-consolidated billing with embedded distributor
5. (1) The following rules apply if an embedded distributor is required by the Retail Settlement Code to make a payment for electricity used by a regulated consumer under a designated contract to a participating retailer who is using distributor-consolidated billing for the contract: 1. The embedded distributor shall give its host distributor such information as the IESO may specify with respect to the payment and shall do so before the expiry of the period specified by the host distributor. 2. The host distributor shall give the IESO such information as the IESO may specify with respect to the payment in the form specified by the IESO and before the expiry of the period specified by the IESO. 3. The IESO shall give the OPA such information as the OPA may specify with respect to the payment in the form specified by the OPA and before the expiry of the period specified by the OPA. 4. After receiving the information required under paragraph 3, the OPA shall make a payment to the IESO equal in amount to the payment by the embedded distributor to the participating retailer. 5. After receiving the information required under paragraph 2, the IESO shall make a payment to the host distributor of the embedded distributor equal in amount to the payment required under paragraph 4. 6. Before the expiry of the period specified by the Board, the host distributor shall make a payment to the embedded distributor equal in amount to the payment required under paragraph 4. O. Reg. 431/04, s. 5 (1). (2) The following rules apply if a participating retailer who is using distributor-consolidated billing for a designated contract is required by the Retail Settlement Code to make a payment to an embedded distributor for electricity used by a regulated consumer under the contract: 1. The embedded distributor shall give its host distributor such information as the IESO may specify with respect to the payment and shall do so before the expiry of the period specified by the host distributor. 2. The host distributor shall give the IESO such information as the IESO may specify with respect to the payment in the form specified by the IESO and before the expiry of the period specified by the IESO. 3. The IESO shall give the OPA such information as the OPA may specify with respect to the payment in the form specified by the OPA and before the expiry of the period specified by the OPA. 4. Before the expiry of the period specified by the Board, the embedded distributor shall make a payment to the host distributor equal in amount to the payment by the participating retailer to the embedded distributor. 5. Before the expiry of the period specified by the IESO, the host distributor shall make a payment to the IESO equal in amount to the payment required under paragraph 4. 6. After receiving the information required under paragraph 2 but before the expiry of the period specified by the OPA, the IESO shall make a payment to the OPA equal in amount to the payment required under paragraph 4. O. Reg. 431/04, s. 5 (2). (3) If the OPA and the IESO establish protocols under section 8 authorizing interim payments based on estimates with subsequent adjustments, subsections (1) and (2) apply with necessary modifications with respect to the interim payments. O. Reg. 431/04, s. 5 (3).