Chair: Cameron Hughes, Field Law
The Alberta Capacity Market Working Group was formed in September 2017 to address the changing electricity marketplace in Alberta, and the proposed implementation of a capacity market structure in Alberta. The Working Group will: (i) review and discuss AESO’s implementation of a capacity market and the proposed regulatory framework; (ii) examine and make recommendations to the IECA Canada Committee and the Contracts and Legal Education Committee with respect to Alberta’s capacity market restructuring in the context of a Market Disruption Event; and (iii) develop standard contract provisions for use with ISDA documentation for financially settled power transactions, to address capacity market implementation in Alberta. The Working Group will also consider standard contract provisions to address Change in Law and cost-flow through mechanisms for physical power contracts. The Working Group will continue to monitor the development of the regulatory framework and will propose draft contract provisions as the regulatory framework is finalized.
For more information about the Alberta Capacity Market Working Group, contact Chair Cameron Hughes.
Working Group Updates:
With the election of a new provincial government in Alberta on April 16, 2019, the introduction of a capacity market in Alberta may be delayed and potentially terminated. The Alberta Capacity Market Working Group of the IECA has prepared a brief update on the status of the capacity market in Alberta, located HERE.