Glossary of Terms
Unit of electrical resistance equal to the resistance of a circuit in which an electric potential difference of one volt produces a current of one ampere.
Fair and equitable access for generators and consumers of electric energy to the transmission system.
The capability above system demand available to Alberta's Interconnected Electric System within 10 minutes following a supply contingency required to provide for system regulation and local area protection and to correct or stabilize the system in the event of contingencies, load forecasting errors and forced outages to Generating Units.
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.
Same as Deferral Account.
The rate offered by the distribution facility owner for customers/members who have not chosen a competitive retailer. (formally, the Regulated Rate Option, changed 2004)
A not-for-profit cooperative, incorporated or continued under the Rural Utilities Act, which owns an electric distribution system and supplies electric energy to members in a rural region of Alberta.
The weighted monthly average price of actual weighted hourly average prices at which energy has been delivered at non-hedged prices during a given calendar month.
The Regulation under the Electric Utilities Act of 2003 that sets out the terms and conditions for regulated default supply of electric energy by a wire service provider to a consumer who has not chosen a retail supplier.
The tariff for electric energy supply for consumers consuming less that 250,000 kWh of energy annually who come under the Regulated Default Supply Option under the Electric Utilities Act of 2003.
An amount of spinning reserve response to automatic generation control, which is sufficient to provide normal regulating margin.
A regulatory agency such as the ERCB and the AUC.
Located in Red Deer, Alberta this privately held company is exclusively owned by member REAs. RESL provides services to: Duffield REA, Wild Rose REA and Mayerthorpe & District.
The process of allowing competitive markets to replace regulation for those parts of the system where competitive markets can function (non-monopoly services).
