Competition Bureau and Ontario’s Independent Electricity System Operator work together to foster competition
December 21, 2018 – OTTAWA, ON
The Competition Bureau has signed a memorandum of understanding (MOU) with the Independent Electricity System Operator (IESO), the agency overseeing the Ontario wholesale electricity market.
Through this agreement, the Bureau and IESO will reinforce their working relationship and improve the delivery of their respective mandates, allowing them to better protect consumers from anti-competitive practices while fostering an innovative and competitive market for electricity in Ontario.
The MOU promotes cooperation and information sharing in areas of mutual interest, including monopolistic practices and deceptive marketing practices. This agreement will also facilitate the coordination of joint education and advocacy activities.
Fostering strong and collaborative relationships with the Bureau’s partners is key to ensuring that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
The IESO, an independent electricity agency established by the Electricity Act of 1998, promotes an efficient and reliable electricity market and power grid.
Each year, the IESO administers a series of programs that together comprise the province's $17 billion wholesale electricity marketplace.
The Market Assessment and Compliance Division enforces compliance with the IESO’s Ontario Market Rules. These rules aim to establish and govern efficient, competitive and reliable wholesale markets for electricity in Ontario.
Decisions made by the Commissioner of Competition and by the Director of the Market Assessment and Compliance Division of Ontario’s IESO are taken independently and in accordance with each organization’s respective statute.
Information sharing is subject to the organizations’ respective confidentiality and privilege obligations. The organizations do not exchange information if doing so would contravene any relevant legislation, international instruments, policies or guidance documents.
This agreement updates the relationship between the Bureau and IESO, which was first formalized in 2002.
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The Competition Bureau, as an independent law enforcement agency, ensures that Canadian businesses and consumers prosper in a competitive and innovative marketplace.
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