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ARTICLE · 20 MARCH 2024

Powering Change: Alberta's Restructured Energy Market (REM)

McCarthy Tétrault
McCarthy Tétrault
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On March 11, 2024, the Minister of Affordability and Utilities (MUA) directed the Alberta Electric System Operator (AESO) and the Alberta Market Surveillance Administrator (MSA)...

CanadaEnergy and Natural Resources
Canadian Energy Perspectives
Canadian Energy Perspectives
Kimberly Howard
Kimberly Howard
Reena Goyal
Reena Goyal
Riley M. Thackray
Riley M. Thackray
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On March 11, 2024, the Minister of Affordability and Utilities (MUA) directed the Alberta Electric System Operator (AESO) and the Alberta Market Surveillance Administrator (MSA) to commence drafting a technical design proposal for a Restructured Energy Market (REM). This directive was influenced by informed recommendations from the respective reports of the AESO and the MSA. The AESO Report revealed its preliminary plan for the REM, the chosen strategy designed to improve system reliability and affordability.

Concurrently, two temporary policy changes were announced to support the AESO's transition to a REM. These amendments, which will be implemented through new regulations and alterations to the AESO's rules, are designed to:

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