The Day-Ahead Price Forecast is a new electricity price signal that provides a forecast of the next day’s hourly prices at 17:00 EST for Monday through Friday.
FusionCharts.
The upper and lower price thresholds represent a 95 per cent probability (19 times out of 20)
that the Hourly Ontario Energy Price (HOEP) will be between the thresholds.
A reliable forecast of the next day’s hourly electricity prices provides consumers and producers with information to help them plan their operations and respond to price changes. The day-ahead price forecast is a true forecast and uses more inputs than the IESO’s pre-dispatch price. The model uses only publicly available information from the IESO and neighbouring markets.
More information on the Day-Ahead Price Forecast is available:
The IESO attempts to forecast the Day-Ahead Forecast Prices as accurately as possible, there may be significant variations between the forecast prices and the actual HOEP. Accordingly, the IESO makes no representations, express or implied, and disclaims any and all liability, as to the accuracy of the posted forecast prices. Anyone relying on the posted forecast prices for any reason assumes all risks associated with or arising from such reliance. The IESO aims to publish the day-ahead forecasts at the designated publication times 5:00 PM EST (6:00 PM DST). Since the forecasting model relies on both external and internal data, there may be instances when data unavailability causes the IESO to either delay or not produce a forecast.
About The IESO
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Right-click on graph and select "Print Chart"