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The Balancing Pool’s legislated duties include the following:

  • Act as a buyer for the PPAs that were not sold in public auction or that were subsequently terminated by third party buyers and manage those assets in a commercial manner;
  • Sell the energy and capacity associated with the PPAs into Alberta’s wholesale electricity market;
  • Act as a risk backstop in relation to extraordinary events, such as force majeure, affecting the PPAs;
  • Allocate (or collect) any forecasted cash surplus (or deficit) to (from) electricity consumers in Alberta in annual amounts over the life of the Balancing Pool;
  • Hold the Hydro Power Purchase Arrangement (“Hydro PPA”) and manage the associated stream of receipts or payments;
  • Participate in regulatory and dispute resolution processes.