Glossary of Terms
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).
Ability for consumers to access electric energy supply directly from unregulated retailers.
Electricity services provided directly to a customer but does not include electricity services provided to eligible customers under a regulated rate tariff.
An entity that sells (retails) electricity to end-users.
An entity created to facilitate the exchange of electric energy over large interconnected geographic areas; a concept developed and promoted by the US Federal Energy Regulatory Commission.
