Load Settlement

Under the Electric Utilities Act, Section 17(l) and (l.1), the AESO is responsible for monitoring the compliance of market participants with load settlement rules established by the Alberta Utilities Commission Rule 21 Settlement System Code Rules; administration of load settlement for the industry (EUA Section 24.1(2)); and to carry out financial settlement for all electricity energy exchanged through the power pool (EUA Section 17(d)).

Load Settlement, as defined in the Electric Utilities Act, means the process of determining the hourly consumption of electric energy of each customer in Alberta and providing that information to the Independent System Operator, retailers and regulated rate providers in order to identify responsibility for purchases of electric energy exchanged through the power pool.

In 2007, the AESO carried out financial settlement of approximately $7 billion of which approximately $3.5 billion was settled with retailers based on load settlement data and information.  AESO monitors compliance of transaction data, processes, and systems based on rules established for load settlement to ensure the retail market is settled as accurately as possible.