Electricity Markets Consultant

The IESO works at the heart of Ontario's power system, delivering key services across the electricity sector including managing the power system in real-time, planning for the province's future energy needs, enabling conservation, and designing a more efficient electricity marketplace to support sector evolution. competitive procurements. Guided by the Resource Adequacy Framework, the IESO secures new supply through competitive procurements under short, medium and long-term timeframes, balancing the needs and risks of both ratepayers and suppliers. This process aligns the acquisition of electricity resources with the system’s evolving needs, ensuring the continued availability of electricity from various sources to maintain the reliability, sustainability, and affordability of Ontario’s electricity system. Through this RFP, the IESO is seeking ad hoc advisory services to support its procurement mechanisms, with an emphasis on the Capacity Auction and the evolution of Resource Adequacy Framework. The Capacity Auction runs each year in November, and incremental enhancement are made to the auction on an annual basis. Currently, the Capacity Auction is embarking on a three-year enhancement plan for auction years 2026-2028. Proponents are encouraged to learn more about planned enhancements on the Capacity Auction Enhancements webpage. Additionally, Proponents are encouraged to review the Resource Adequacy Framework to gain a better understanding of the strategies and mechanisms relevant to the services contemplated in this RFP.