The Balancing Pool’s legislated duties include or included the following:

  • Act as a risk backstop for the PPAs in relation to extraordinary events;
  • Act as a buyer for the PPAs that were not sold in public auction held by the Government of Alberta in 2000, or that were subsequently terminated by third party Buyers;
  • Manage the PPAs held by the Balancing Pool in a commercial manner, and/or terminate them with the Owners if appropriate:
  • Allocate (or collect) any forecasted cash surplus (or deficit) to (from) electricity consumers in Alberta in annual amounts;
  • Manage the financial accounts arising from the transition to a competitive generation market on behal of consumers;
  • Fund the decommissioning and reclamation costs associated with certain generation facilities in Alberta;
  • Hold the Hydro PPA and manage the associated stream of receipts or payments;
  • Participate in regulatory and dispute resolution processes;
  • Act as the default market participant and provide settlement functions in relation to certain projects developed under the Small Scale Generation Regulation;
  • Administer and provide financing for certain aspects of the Utility Payment Deferral Program; and
  • Fund initiatives in the electricity industry at the direction of the Minister of Energy.