The Balancing Pool’s legislated duties effective January 1, 2021 include the following:

  • Allocate (or collect) any forecasted cash surplus (or deficit) to (from) electricity consumers in Alberta in annual amounts;
  • Fund the decommissioning and reclamation costs associated with certain generation facilities in Alberta;
  • Participate in 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 Affordability and Utilities.