Related Information

Investigations

The Investigation Process

The Market Surveillance Panel (MSP) is empowered under the Electricity Act, 1998 to conduct investigations into any activity related to the IESO-administered markets or the conduct of a market participant.

For any investigation into the behaviour of a market participant:

The MSP can proceed on its own initiative. In addition, any person, board, agency or tribunal can request an investigation, but must do so in writing, and provide details of the complaint or referral and any supporting information.
The MSP has the discretion to refuse to commence an investigation or terminate an investigation after it has begun. In either case it must have grounds and reasons to do so, and must report them to the Chair of the OEB for review.
When a market participant's behaviour is being investigated as a result of a complaint or referral, the participant must be notified that such an investigation is underway and, upon completion, of its outcome.
Should the investigation conclude that the market participant acted inappropriately, the MSP must discuss its findings with the market participant before including the findings in a report, and must provide the market participant with a reasonable opportunity to respond in writing to the allegations.

A review into market rules or procedures, or market structure can be undertaken by the MSP, with the concurrence of the Chair of the OEB. In these instances, the MSP will focus on impediments to effective competition and will recommend steps to mitigate them, such as a change in the market rules or procedures.

In conducting investigations, the Panel has access to formal powers in order to obtain information from any market participant.

Detailed information about the procedures that the IESO and market participants must follow in the investigation process is contained in Market Manual 2.7: Treatment of Market Surveillance Issues.

MSP Investigation Reports

The Market Surveillance Panel also publishes its decisions relating to investigations.

Market Surveillance Panel Decision on the Request to Investigate the Bruce Power Unit G6 Outage (January 13, 2003)


Expand All [+] Collapse All [–] Home About The IESO Financial Reports IESO Organization Board of Directors Chair Management Team President and CEO Corporate Performance Surveys Regulatory Affairs Careers Market Data Today's Market Market Summaries Hourly Ontario Energy Price Adequacy Reports SSR and SAA Reports IESO Reports Generator Reports Intertie Flows TRA Reports DACP Reports Public Reports on FTP Transition Information Power View News and Notices Subscribe Update Account Change Password Market Calendars Events Calendar Electricity Exchange Markets and Programs Energy Market Overview Participants FAQs Operating Reserve Transmission Rights Day Ahead Commitment Demand Response Emergency Load Reduction Hour Ahead Dispatchable Load Transitional Demand Response Emergency Demand Response Dispatchable Loads Ancillary Services Market Evolution Analysis and Research Participant Services Training Courses and Materials Quick Takes Course Calendar Settlements Global Adjustment OPG Rebate Intertie Failure Charge Settlements Training Metering FAQs Meter List Metering Service Providers Market Entry Authorization Facility Registration Online Security Exemptions OPA RFPs Connection Assessments Application Status (After April 2005) Application Status (Before April 2005) Committed Projects Expedited Applications The Power Grid Forecasts Smart Grid Forum Reliability Reliability Outlooks Incident Reports Standards ERO Emergency Preparedness Voltage Reduction Testing Wind Power in Ontario Standing Committee Projects Studies and Presentations Stakeholder Initiatives Consultations Active Consultations Completed Consultations Engagement Calendar Quarterly Report Methods and Process Principles Advisory Committee Members Meetings and Materials Terms of Reference Technical Panel Members Meetings and Materials Current Rule Amendments Working Groups DAM - Cost-Benefit Analysis DAM - Production Cost Guarantee Facility Outage Management Dispatchable Loads Meter Trouble Report Market Manuals Standing Committees Reliability Standards Information Technology Forecasts and Assessments Outage Planning Revenue Metering Commercial Reconciliation Intertie Trading Market Pricing Wind Power Engagement Calendar Documents Rules, Manuals and Forms Interpretation Bulletins Rule Amendments Current Market Rule Amendments Urgent Amendments Baseline Calendar Pending Changes Change Notification Software Changes Report Listing Technical Interfaces IT Release Calendar Market Integrity Compliance Surveillance Dispute Resolution		Related Information Panel Reports Surveillance Data Catalogue Local Market Power Mitigation Frequently Asked Questions Investigations The Investigation Process The Market Surveillance Panel (MSP) is empowered under the Electricity Act, 1998 to conduct investigations into any activity related to the IESO-administered markets or the conduct of a market participant. For any investigation into the behaviour of a market participant: The MSP can proceed on its own initiative. In addition, any person, board, agency or tribunal can request an investigation, but must do so in writing, and provide details of the complaint or referral and any supporting information. The MSP has the discretion to refuse to commence an investigation or terminate an investigation after it has begun. In either case it must have grounds and reasons to do so, and must report them to the Chair of the OEB for review. When a market participant's behaviour is being investigated as a result of a complaint or referral, the participant must be notified that such an investigation is underway and, upon completion, of its outcome. Should the investigation conclude that the market participant acted inappropriately, the MSP must discuss its findings with the market participant before including the findings in a report, and must provide the market participant with a reasonable opportunity to respond in writing to the allegations. A review into market rules or procedures, or market structure can be undertaken by the MSP, with the concurrence of the Chair of the OEB. In these instances, the MSP will focus on impediments to effective competition and will recommend steps to mitigate them, such as a change in the market rules or procedures. In conducting investigations, the Panel has access to formal powers in order to obtain information from any market participant. Detailed information about the procedures that the IESO and market participants must follow in the investigation process is contained in Market Manual 2.7: Treatment of Market Surveillance Issues. MSP Investigation Reports The Market Surveillance Panel also publishes its decisions relating to investigations. Market Surveillance Panel Decision on the Request to Investigate the Bruce Power Unit G6 Outage (January 13, 2003)

Copyright © 2008 Independent Electricity System Operator