OATI Successfully Transitions to new IESO Market
- May 5, 2025
Multiple IESO Market Participants go live with OATI IESO Market solution.
Bloomington, MN: OATI successfully transitioned multiple Market Participants to the IESO Market Renewal Program beginning on May 1, 2025. The OATI webIESO Market Solution was designed and built to the specific needs of the IESO Market Renewal Program to provide bid-to-bill functionality for participants in Ontario’s energy market. OATI supported participants through several years of design, development, testing, market trials, and market transition activities to meet the change in market opportunities.
The Market Renewal Program objectives include single schedule market, a new day-ahead market, and enhanced real-time unit commitment. OATI solutions webIESO, webTrader, webAgent and webSettlement are advanced solutions providing efficiency, automation, analysis, and optimization when trading in the IESO Market.
“OATI congratulates our IESO Market Participant partners and thanks them for the collaboration in this success” said Sasan Mokhtari, PhD, OATI President and CEO.
About IESO
The Independent Electricity System Operator (IESO) works at the heart of Ontario’s power system. The IESO delivers 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.
About OATI
OATI innovative solutions simplify, streamline, and empower the operational tasks required in today’s energy commerce and Smart Grid. Serving more than 2,000 customers in North America, OATI successfully deploys and hosts diverse mission-critical solutions committed to industry standards and stringent security guidelines.
OATI (www.oati.com) is the leading provider of Smart Grid, Energy Trading and Risk Management, Transmission Scheduling, Congestion Management, Distribution, and Market Management products and services. OATI is headquartered in Bloomington, Minnesota, with offices in California, Florida, Punjab, and Telangana, and Singapore. For more information, please contact sales@oati.net