NGX has been hosting auctions for electricity contracts on a regular basis since February 2006. Since that time, NGX has conducted over 300 auctions of varying methodologies. Proceeds from these auctions have been bilateral or cleared through NGX’s Clearing House. Clearing the proceeds of auctions, depending on availability, may give the auction host a much greater participation rate as any NGX contract holders could potentially participate in the auction process. To date, NGX has hosted and provided auction and market expertise to the Ontario Power Authority, Ontario Power Generation, Bruce Power, ENMAX, EPCOR, as well as NGX’s own cleared Ontario power auctions.
Beginning in June 2015, NGX implemented a new auction platform that provides hosts and participants alike with meaningful reporting, powerful order entry and modification tools, and easy system access. NGX Tradepath has been designed to be easily and quickly configured to host auctions of various commodities.
For more information on NGX Power Auctions, please contact Shane Casey at (403) 974-1710, or the NGX Help Desk at (403) 974-4357.