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Petar Novakovic

Independent Electricity System Operator/System Operator / Opérateur du réseau

2024 Salary — last year on the list

$216,882

Total compensation $217,237, including $355 in taxable benefits.

Source: Ontario’s Public Sector Salary Disclosure — names paid $100,000 or more that year. How we build this · Report an error on this page

At a Glance
2024

Employer Rank

#53

Independent Electricity System Operator

Years on List

14

2011–2024

Peak Salary

$216,882

2024

Full 2024 roster at Independent Electricity System Operator →·See where $216,882 ranks →

Total Compensation History

Total compensation by yearLine chart of 14 yearly values of total compensation, from $106,393 in 2011 to $217,237 in 2024.$100K$125K$150K$175K$200K$225K201120142016201920212024
Total compensation, 2011–2024. Axis starts at $100,000, the Sunshine List disclosure threshold.

Full History
2011–2024

$105,900 in 2011 is worth about $145,027 in 2025 dollars.

Full salary history, by year
YearPositionSalary
2024System Operator / Opérateur du réseauIndependent Electricity System Operator$216,882Benefits $355Total $217,237
2023Senior System Operator / Opérateur principal du réseauIndependent Electricity System Operator / Opérateur indépendant de réseau d'électricité$210,570Benefits $409Total $210,979
2022Senior System Operator / Opérateur principal du réseauIndependent Electricity System Operator$190,698Benefits $488Total $191,185
2021Senior System Operator / Opérateur principal du réseauIndependent Electricity System Operator$187,557Benefits $488Total $188,044
2020System Operator / Opérateur du réseauIndependent Electricity System Operator$191,650Benefits $475Total $192,125
2019System Operator / Opérateur du réseauIndependent Electricity System Operator$185,078Benefits $494Total $185,572
2018System Operator / Opérateur du réseauIndependent Electricity System Operator$155,001Benefits $590Total $155,591
2017System Operator / Opérateur du réseauIndependent Electricity System Operator / Opérateur Indépendant De Réseau D'Électricité$173,332Benefits $565Total $173,897
2016Operations Officer / Agent – OpérationsIndependent Electricity System Operator$156,298Benefits $585Total $156,883
2015Operations Officer / Agent – OpérationsIndependent Electricity System Operator$152,135Benefits $529Total $152,665
2014Operations Officer / Agent - OpérationsIndependent Electricity System Operator$139,567Benefits $701Total $140,268
2013Engineer/OfficerIndependent Electricity System Operator$122,191Benefits $693Total $122,884
2012Engineer/OfficerIndependent Electricity System Operator$116,144Benefits $605Total $116,750
2011Engineer/Technical OfficerIndependent Electricity System Operator$105,900Benefits $493Total $106,393

Take-Home Pay
(After Tax) · 2024 estimate

In 2024, Petar Novakovic's $216,882 salary works out to roughly $138,571 after income tax, CPP and EI — an all-in deduction rate of about 36.1%. It is up about 3% on the $210,570 paid in 2023. Petar Novakovic has appeared on the list 14 times since 2011. Most Crown Agencies employees belong to PSPP or OPTrust, so actual take-home is likely another 7–10% lower after pension contributions.

Estimated net pay
~$138,571
Effective income-tax rate (excl. CPP/EI)
~33.8%
CPP + EI contributions
~$5,105
All-in deduction rate (incl. CPP/EI)
~36.1%
vs. 2024 System Operator median
+10%

Where does $216,882 rank on the Sunshine List? →

Estimate only: 2024 federal and Ontario rates, basic personal amounts, Canada employment amount and CPP/EI credits; single, employment income only, salary treated as full-year income. Ignores pension contributions (OMERS, HOOPP, OTPP, OPTrust and similar plans lower actual take-home), union dues, RRSPs and benefits.

Also at Independent Electricity System Operator
2024

#1Lesley Gallinger
$711,502
President and Chief Executive Officer / Président et chef de la direction
#2Kamaljit Sohi
$417,719
Chief Operating Officer and Vice President Markets and Reliability / Chef de l’exploitation et vice-président, Marchés et fiabilité
#3Charles Farmer
$415,989
Vice President Planning Conservation and Resource Adequacy and Chief Energy Transition Officer / Vice-président de la planification, de la conservation et de l’adéquation des ressources et directeur du génie et des technologies
#4Alex Foord
$344,681
Vice President, Information and Technology Services and Chief Information Officer / Vice-président - Services de l’information et des technologies et directeur de l’information
#5Carla Nell
$341,764
Vice President Corporate Relations Engagement and Strategy / Vice-président - Mobilisation et stratégie des relations avec les entreprises
#6Ernest Chui
$320,262
Vice President Corporate and Market Services and Chief Financial Officer / Directeur financier et vice-président - Services d’entreprise et de marché
#7David Robitaille
$309,726
Senior Director Market Operations / Directeur principal - Opérations sur le marché
#8Glenn Mcdonald
$305,466
Vice President Market Assessment and Compliance / Vice-président - Évaluation des marchés et conformité
#9Michael Lyle
$297,732
Vice President General Counsel and Chief Reliability Compliance Officer / Vice-président, avocat général et chef de la conformité aux normes de fiabilité
#10Michael Boll
$293,336
Associate General Counsel Director Corporate Secretary / Avocat général associé, directeur et secrétaire général
View all 914 employees at Independent Electricity System Operator (2024) →