Market watchdog launches investigation of Alberta electricity operator

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 39 sec. here
  • 49 min. at publisher
  • 📊 Quality Score:
  • News: 183%
  • Publisher: 92%

Canadian News News

Canada News,Breaking News Video,Canadian Breaking News

The investigation follows a lengthy complaint lodged about the AESO by an energy company owned by Warren Buffett’s Berkshire Hathaway

Alberta’s power market is unique in Canada in that it has no central or Crown power provider. Instead, private companies run the power plants that feed electricity into the grid.Alberta’s market watchdog is investigating the operator of the province’s power grid for possible contraventions of its duty to provide a reliable and fair electricity system.

Alberta’s power market is unique in Canada in that it has no central or Crown power provider. Instead, private companies run the power plants that feed electricity into the grid. The AESO works with industry and the government to manage and plan that market. Part of the probe centres on whether the AESO shirked its duties under Alberta’s Electric Utilities Act to operate the power market “in a manner that promotes the fair, efficient and openly competitive exchange of electric energy,” including on the interconnected system that runs outside of the province.

“Given the MSA’s involvement in this proceeding, if it intended to address the substance of BHE complaint as the subject of its investigation it could have simply said so, but it did not,” BHE wrote.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alberta bus company seeks government help as European carrier launches in AlbertaFlixBus will offer four daily routes between Edmonton and Calgary and two daily schedules between Lethbridge and Calgary.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Record-breaking Year Expected for Alberta Housing MarketThe Alberta housing market is expected to have a record-breaking year in 2024 due to unanticipated demand and population growth. Despite this, there is still a housing gap of 130,000 to 170,000 dwelling units in the province.
Source: DCN_Canada - 🏆 17. / 74 Read more »

Stock market today: Japan’s Nikkei leads Asian market retreat as Middle East tensions flareHONG KONG (AP) — Asian stocks tumbled Friday, with Japan’s Nikkei slumping 2.4% on heavy selling of semiconductor-related shares and other market...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asia stocks rise with market focus on signs of interest rate cutHONG KONG (AP) — Asia stocks were mostly higher on Tuesday, with investors mainly focusing on a U.S. inflation report and what it means for interest rate...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Oil’s Under-the-Hood Signals Tell Tale of Very Bullish MarketThis article discusses the signals in the oil market that indicate a very bullish market.
Source: BNNBloomberg - 🏆 83. / 50 Read more »