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2024 Budget Development Process

Consultation has concluded

AESO Board Decision

The AESO Board has approved the 2024 Business Plan and Budget Proposal. View the AESO Board Decision.

The AESO thanks stakeholders for their interest and contributions in the 2024 BDP consultation process. We appreciate and value the time and effort you have taken to participate and share your insights.

Purpose

The purpose of the 2024 Budget Development Process (BDP) is to consult with stakeholders on the AESO’s areas of focus and proposed budget and forecasts for the upcoming year as per the Transmission Regulation. The 2024 BDP will be used to establish the AESO’s business plan and budget for 2024.

The enhanced approach, piloted last year, has enabled earlier involvement and engagement with the Board, the Executive and stakeholders, framed at the strategic level, to inform corporate areas of focus for the upcoming year. The legacy budget process created challenges for our stakeholders as it set an expectation that the AESO could make substantial alterations to the budget in response to stakeholder feedback provided during the process. The revised approach was intended to address this challenge and facilitate a more meaningful exchange with stakeholders as it related to what stakeholders have told us they want increased influence over – namely the types, timing and priority of work the AESO undertakes. View 2024 Engagement Schedule for additional details.

AESO Board Decision

The AESO Board has approved the 2024 Business Plan and Budget Proposal. View the AESO Board Decision.

The AESO thanks stakeholders for their interest and contributions in the 2024 BDP consultation process. We appreciate and value the time and effort you have taken to participate and share your insights.

Purpose

The purpose of the 2024 Budget Development Process (BDP) is to consult with stakeholders on the AESO’s areas of focus and proposed budget and forecasts for the upcoming year as per the Transmission Regulation. The 2024 BDP will be used to establish the AESO’s business plan and budget for 2024.

The enhanced approach, piloted last year, has enabled earlier involvement and engagement with the Board, the Executive and stakeholders, framed at the strategic level, to inform corporate areas of focus for the upcoming year. The legacy budget process created challenges for our stakeholders as it set an expectation that the AESO could make substantial alterations to the budget in response to stakeholder feedback provided during the process. The revised approach was intended to address this challenge and facilitate a more meaningful exchange with stakeholders as it related to what stakeholders have told us they want increased influence over – namely the types, timing and priority of work the AESO undertakes. View 2024 Engagement Schedule for additional details.

Consultation has concluded

  • AESO Board 1:1 Sessions | Nov. 15, 2023

    These sessions have concluded.

    Purpose

    The purpose of the AESO Board 1:1 Sessions was for senior executive stakeholders to have a final opportunity to engage in one-on-one discussions with the Board on the 2024 budget, areas of focus and priorities before the Board takes the 2024 Business Plan and Budget Proposal and all stakeholder feedback under consideration to make its decision.

    Intent to Present

    The following stakeholder organizations presented to the AESO Board on Nov. 15, 2023:

    • Alberta Direct Connect Consumer Association - ADC
    • ENMAX Corporation
    • Industrial Power Consumers Association of Alberta - IPCAA

    Presentations to the AESO Board

    The presentations to the AESO Board can be found in the Stakeholder Submissions section on the right-hand side of the page.

  • Stakeholder Session | October 5, 2023

    This session has concluded.

    The AESO held a hybrid Stakeholder Session from 9:00 a.m. to 12:00 p.m. on its 2024 BDP.

    Purpose

    The purpose of the session was to engage stakeholders in a discussion of the AESO’s budget, areas of focus, and associated priorities for 2024.

    Request for Feedback

    The AESO requested feedback from all interested stakeholders to affirm we have determined the appropriate areas of focus, priorities, and pace, based on June 2023 stakeholder consultations. We will also determine if all crucial issues have been included in our priorities to support the future of electricity in the province and any associated impacts on capital or consulting dollars.

    The AESO values stakeholder input and thanks all interested stakeholders that provide their feedback on the 2024 Budget Development Process.

    Intent to Present to the AESO Board of Directors

    The purpose of the AESO Board 1:1 Sessions is for senior executive stakeholders to have a final opportunity to engage in one-on-one discussions with the Board on the 2024 budget, areas of focus and priorities before the Board takes the 2024 Business Plan and Budget Proposal and all stakeholder feedback under consideration to make its decision.

    Materials

    Can be found under AESO Materials on the right-hand side of the page.

  • CEOs & Board 1:1 Sessions | June 1-2, 2023

    These sessions have concluded.

    A subset of the AESO Board and Executive held 1:1 meetings with interested senior-level executive stakeholders during June 1-2, 2023.

    Purpose

    The purpose of the first set of consultations is to engage senior executive stakeholders in one-on-one discussions with a subset of AESO Board and Executive members to share their insights on what they believe the AESO should be focusing on in the year to come. These discussions will take place in advance of the budget development cycle and have a more strategic focus. These discussions will be foundational to the AESO as we consider stakeholders’ insights and expertise to determine the focus areas and associated priorities for 2024.

    View the high-level summary letter of the June 1:1s Strategic Discussions from Mike Law, President and CEO.

    Participating Stakeholders

    1. Alberta Direct Connect Consumers Association (“ADC”)
    2. AltaLink Management Ltd.
    3. ATCO Electric
    4. BluEarth Renewables
    5. Canadian Renewable Energy Association (“CanREA”)
    6. Capital Power Corporation
    7. ENMAX Corporation
    8. EPCOR
    9. FortisAlberta Inc.
    10. Heartland Generation Ltd.
    11. Independent Power Producers Society of Alberta (“IPPSA”)
    12. Industrial Power Consumers Association of Alberta (“IPCAA”)
    13. Kiwetinohk Energy
    14. TransAlta Corporation

    CEO & Board 1:1 Session Materials

    Can be found in the AESO Materials.