Glossary of Terms
A concept of providing incentives to improve productivity while sharing the gains between customers and shareholders.
A provincial wide partnership of the Health Boards of Alberta Services, Alberta's Colleges and Technical Institutes and the Alberta School Boards Association. PICA and its predecessor organizations, have been active in gas and electric utility proceedings for over two decades.
Alberta Regulation 112/2003, Electric Utilities Act. Payments by municipally-owned or other entities which are exempt from federal and provincial income taxes with the objective of creating a level playing field with investor-owned competitors.
The conceptual point of delivery from the transmission system. A POD is the point at which energy is deemed to be delivered from the transmission system to the distribution system.
The price for electric energy during an hour, established and reported by the AESO in accordance with the AESO rules for electric energy exchanged through the power pool.
Transmission rates are averaged so that consumers pay the same transmission rate regardless of their location or distance from generation facilities.
A person who is engaged in buying and selling electric energy.
Operated by the AESO, it is a market providing the exchange of energy and financial settlement for the exchange of electric energy.
Auction of Power Purchase Agreements and of derivative contracts associated with Power Purchase Agreements and manager by the Balancing Pool.
A legal agreement as described in Regulation for the purposes of selling electric energy from generating plants built prior to 1996 to a buyer of the electric energy. It must include a determination of the manner in which excess electric energy produced by the generating unit is to be exchanged by the purchaser of the PPA through the power pool for the benefit of the owner of the generating unit.
A maximum price for electric energy or related services set by a government or regulatory agency.
The rate of change of price over time.