In proceeding 29093 market participants submit arguments and reply arguments in support of their request to the Alberta Utilities Commission (The Commission or AUC) that the AUC not approve Section 206.2 of the new Rules and direct the Alberta Electric System Operator (AESO) to amend this section.
The Alberta Electric System Operator (AESO) recently held a stakeholder session to provide an update on the restructured energy market plan and to inform stakeholders of its consultation plan going forward. Over 100 stakeholders from the industry attended the virtual session.
Back in March, the Alberta Minister of Affordability and Utilities (the Minister), requested the AESO to work with industry stakeholders to develop a restructured energy market plan. Since then, the AESO received further direction from the Minister to implement a day-ahead energy market, continue mitigating market power, maintain a uniform energy price, review the current price cap and floor, and to develop the remaining elements of the energy market plan.
On June 11, 2024, the Alberta Electric System Operator (AESO) held its second information session concerning the interim market power mitigation regulations that go into effect on July 1, 2024. In its first session, the AESO described the Market Power Mitigation Regulation and Supply Cushion Regulation and answered an initial round of stakeholder questions. In this session, the AESO shared its final details for implementing these regulations, provided an overview of the reporting processes and requirements for July 1, and addressed stakeholder questions and comments.
On April 18, 2024, the Alberta Electric System Operator (AESO) held a stakeholder session where it provided an overview of the interim market power mitigation regulations that go into effect on July 1, 2024. There are two specific regulations: the Market Power Mitigation Regulation and the Supply Cushion Regulation. The goal of the session was to explain these regulations, their implementation, and to answer any additional questions.
The Alberta Electric System Operator (AESO) and the Market Surveillance Administrator (MSA) have provided recommendations to the Minister of Affordability and Utilities for changes to the electricity market in Alberta. The proposed market changes are aimed at addressing concerns around supply adequacy and affordability.