Rate of Last Resort Stability Regulation (Alta. Reg. 28/2023)

Alta. Reg. 28/2023

Alberta — Regulations

© Published by Alberta King’s Printer Alberta King’s Printer Suite 700, Park Plaza 10611 - 98 Avenue Edmonton, AB T5K 2P7 Phone: 780-427-4952 E-mail: kings-printer@gov.ab.ca Shop on-line at kings-printer.alberta.ca Province of Alberta Office Consolidation Alberta Regulation 28/2023 With amendments up to and including Alberta Regulation 165/2024 Current as of September 27, 2024 RATE OF LAST RESORT STABILITY ACT RATE OF LAST RESORT STABILITY REGULATION

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(Consolidated up to 165/2024) ALBERTA REGULATION 28/2023 Rate of Last Resort Stability Act RATE OF LAST RESORT STABILITY REGULATION Calculation of instalment 1 Each owner shall calculate the amount of an instalment the owner is applying for in respect of a calendar month under

section 4.4 of the Act by (

a) forecasting the total deferr al amount for each rate class that the owner will be entitled to recover under that

section over the remaining calendar months in the recovery period, (

b) dividing the forecasted de ferral amount for each rate class by the number of calendar months remaining in the recovery period, and (

c) adding to the amount under clause (

b) for each rate class any interest that the owner is entitled to recover under that

section in respect of that calendar month for that rate class. Statement to be provided with application under Act 2 Each owner shall include with an application for a calendar month under

section 4.4(2) of the Act a statement setting out (

a) the owner’s calcula tions under

section 1, (

b) the balance of the owner’s deferral amounts, by rate class , as forecasted under

section 1(a), (

c) the interest referred to in

section 4.1(5) of the Act that has accumulated on the owner’s deferral amounts and not been recovered by the owner, by rate class, (

d) the balance owing by the owner under any loan made to the owner under

section 4.3 of the Act, by rate class, and (

e) the forecast consumptio n in kWh for each rate class (

i) for the calendar month, and (ii) for the remainder of the recovery period.

Section 3 AR 28/2023 RATE OF LAST RESORT STABILITY REGULATION 2 Review and approval of application under Act 3(1) A reviewing agency may consider any matters that the reviewing agency considers necessary when reviewing an application to recover an instalment made under

section 4.4(2) of the Act.

(2) In addition to its obligations under

section 4.4(4) of the Act, a reviewing agency may not approve the application of an owner unless the reviewing agency has reviewed the statement provided under

section 2 and is satisfied that (

a) the owner calculated the instalment in accordance with

section 1, (

b) the balance of the owner’s deferral amounts, by rate clas s, in the statement is accurate, and (

c) the increase to the electric energy charge on the bills th at will be sent to the owner’s regulated rate customers, by rate class, is reasonably expected to recover the instalment calculated under

section 1.

(3) A reviewing agency may increase or decrease the amount of an instalment in an application it approves under

section 4.4(5) of the Act if the reviewing agency is satisfied it is necessary to do so to ensure that each instalment for the remaining calendar months of the recovery period will be a reasonably similar amount.

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Document details

Collection	Alberta — Regulations
Citation	Alta. Reg. 28/2023
Type	regulation
Volume / chapter	2023 028
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	02645a88457a258387b4a93684a3986f612e8150

Source file is stored in the law ingest library (pdf).