Link to Announcement Summarized
Announcement – AUC Strategic Plan
The AUC announced that it finalized its three-year strategic plan, which will guide its efforts in the short- to medium-term as Alberta’s independent utilities regulator.
The plan marks a new approach for the AUC intended to reflect fundamental changes underway in the utilities sector, revolving around the impact of increasing technology change and shifting societal expectations. It also addresses emerging challenges centred on utility infrastructure and its cost; increasing efficiency and limiting regulatory burden; supporting conditions for competition and efficient markets; and developing, attracting and retaining the right people to meet the demands of a changing utility and regulatory environment.
As part of the plan’s efficiency and limiting regulatory burden theme, the plan also calls for an annual industry impact assessment to evaluate the effectiveness of AUC processes and to ensure they reflect the principles outlined in the Red Tape Reduction Act. The assessment will be used to build an annual AUC report card, replacing the AUC’s annual review.
