October 16, 2014
Balancing Pool to Pay $320 Million to Electricity Consumers
The Balancing Pool announces that the allocation to power consumers in 2015 will remain at $5.50/MWh of consumption. The upcoming year’s allocation will result in approximately $320 million being paid to Alberta’s electricity consumers. “We have sufficient financial resources to allow us to maintain the $5.50/MWh allocation through 2015” stated Bruce Roberts, President and CEO.
During the nine year period since the initiation of the annual consumer allocation in 2006, the Balancing Pool has paid out $2.1 billion in allocations to Alberta’s electricity consumers.
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.
For further information:Bruce Roberts President and CEO 403-539-5353