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ARTICLE · 24 MARCH 2024

The Regulations Powering Change: Alberta's Restructured Energy Market

McCarthy Tétrault
McCarthy Tétrault
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On March 11, 2024, the Alberta Government released two Regulations: the Market Power Mitigation Regulation (MPM Regulation) and the Supply Cushion Regulation...

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 Alberta Government released two Regulations: the Market Power Mitigation Regulation (MPM Regulation) and the Supply Cushion Regulation (the Supply Cushion Regulation and the MPM Regulation collectively referred to as the Regulations). These Regulations are introduced to support the Alberta Electric System Operator's (AESO) transition to a Restructured Energy Market (REM).

We previously provided an overview of the rationale behind REM, informed by the insights and recommendations from the Alberta Market Surveillance Administrator (MSA) and AESO Reports, which can be read here.

Legislative changes are required to implement the REM. The MPM Regulation and Supply Cushion Regulations are being implemented on an interim basis under the Electric Utilities Act (EUA) and the Alberta Utilities Commission Act.

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