FEOC – Updates
In this decision, the AUC approved changes to Section 103.4 of the Independent System Operator (“ISO”) rules, Power Pool Financial Settlement, and Section 103.6 of the ISO rules, ISO Fees and Charges (collectively, the “Financial Settlement Rules”), proposed by the Alberta Electric System Operator (“AESO”).
The AESO submitted that the Financial Settlement Rules set out requirements for the AESO and market participants for the financial settlement of the power pool. The AESO proposed amendments allowing electronic funds transfer and clarifying the interest calculation and other rights relating to non-compliance with metering requirements. The AESO also made process-related revisions to align with its current red tape reduction initiative. Following stakeholder consultation, the AESO reinstated several process requirements it had removed in the first draft of the amendments.
The AESO requested that the AUC approve the updated Financial Settlement Rules according to Section 20.21 of the Electric Utilities Act.
The AUC noted the absence of opposition to the AESO’s application. The AUC approved the proposed amended sections 193.4 and 103.6 of the ISO rules as applied for.