October 13, 2011
Allocation to Power Consumers set at $5.50 per MWh for 2012
The Balancing Pool announces that the allocation to power consumers in 2012 will be set at $5.50 per MWh of consumption, which will result in over $300 million being received by Alberta’s electricity consumers.
During the six year period since the initiation of the annual consumer allocation in 2006, the Balancing Pool has paid out $1.1 billion in allocations to Alberta’s electricity consumers. In addition, in 2001 the Balancing Pool paid $2 billion in electricity rebates to consumers from proceeds of the PPA auction.
Under provisions of the Electric Utilities Act, each year the Balancing Pool is required to forecast its revenues and expenses and to determine whether any excess (or shortfall) funds will be allocated to electricity consumers. The consumer allocation amount is reviewed annually.
For further information:
Interim President and CEO