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ARTICLE · 26 DECEMBER 2024

Alberta Issues Directive For Power Regime Overhaul: Fast And Furious Implementation

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On December 10, 2024, the Minister of Affordability and Utilities (Minister) issued a direction letter to the Alberta Electric System Operator (AESO) outlining the Government of Alberta's...

CanadaEnergy and Natural Resources

On December 10, 2024, the Minister of Affordability and Utilities (Minister) issued a direction letter to the Alberta Electric System Operator (AESO) outlining the Government of Alberta's (Government) decisions regarding certain key electricity market and transmission policy and regulatory changes. While the directions largely align with industry expectations and provide further clarity in respect of previous announcements, they also introduce several important new elements. Notably, the government intends to remove regulatory oversight on the initial ISO Rules for the Restructured Energy Market (REM), allowing the REM to be implemented by the AESO without the typical oversight of the Alberta Utilities Commission (AUC). Similarly, the AESO is directed to consult and implement the transmission policy changes, with a view to "expeditious implementation".

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