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2025 Budget Development Process

Important Materials

Nov. 15, 2024 | Materials posted

Nov. 7, 2024 | Q&A Session Recording posted

Nov. 5, 2024 | Materials posted

Oct. 10, 2024 | Materials posted

Purpose

The purpose of the 2025 Budget Development Process (BDP) is to consult with industry on the AESO’s areas of focus and proposed budget and forecasts for the upcoming year as per the Transmission Regulation. The 2025 BDP will be used to establish the AESO’s business plan and budget for 2025 as well as the forecast for 2026 and 2027.

We thank stakeholders for sharing their valuable perspectives in the 2024 BDP and for continuing to participate as we shape the consultation process to fit the need and current environment and to elevate the value proposition. We are grateful for stakeholders' alignment and support in relation to the strategic areas of focus as identified by the AESO. For additional details, view the Letter to Stakeholders.

Enhancements

The AESO has dedicated efforts to enhance its BDP process for the last two years and has made significant changes. Our commitment to more efficient stakeholder engagement remains, and especially in 2023, stakeholders had unparalleled interaction with AESO across various levels. We have taken into consideration stakeholder feedback as well as completed an internal review, and to continue gaining efficiencies, we are making the following improvements to the BDP consultation:

Initiating a new three-year General and Administrative and Capital budget forecast cycle starting with the 2025 budget

  • Stakeholders have asked for this longer time horizon to have an understanding of our outlook and to ensure our budget is reasonable. This outlook extension will help stakeholders better plan and prioritize their activities.

Streamlining the consultation process to fit the need and current environment, and to elevate the value proposition

  • This includes giving stakeholders more time to digest the Budget and Forecast information shared to allow for more meaningful participation in the consultation. We are providing stakeholders with a video introducing the preliminary budget as well as a presentation and forum to post questions a month in advance of the stakeholder session. We will also be providing a continuously updated resource of frequently asked questions to elevate discussions to strategic topics and avoid repetition. This document will be updated as pertinent themes emerge and it can be viewed under FAQ on the right-hand side of the page.
  • Understanding that stakeholders have had ample opportunity to review the Budget information, we will host a hybrid Q&A stakeholder session focused on discussion, answering clarifying questions and fostering relationships.
  • Removing the November 1:1 stakeholder meetings. Results of an internal review illustrated this step in the consultation process was not providing further budget consultation or clarification value.

Important Materials

Nov. 15, 2024 | Materials posted

Nov. 7, 2024 | Q&A Session Recording posted

Nov. 5, 2024 | Materials posted

Oct. 10, 2024 | Materials posted

Purpose

The purpose of the 2025 Budget Development Process (BDP) is to consult with industry on the AESO’s areas of focus and proposed budget and forecasts for the upcoming year as per the Transmission Regulation. The 2025 BDP will be used to establish the AESO’s business plan and budget for 2025 as well as the forecast for 2026 and 2027.

We thank stakeholders for sharing their valuable perspectives in the 2024 BDP and for continuing to participate as we shape the consultation process to fit the need and current environment and to elevate the value proposition. We are grateful for stakeholders' alignment and support in relation to the strategic areas of focus as identified by the AESO. For additional details, view the Letter to Stakeholders.

Enhancements

The AESO has dedicated efforts to enhance its BDP process for the last two years and has made significant changes. Our commitment to more efficient stakeholder engagement remains, and especially in 2023, stakeholders had unparalleled interaction with AESO across various levels. We have taken into consideration stakeholder feedback as well as completed an internal review, and to continue gaining efficiencies, we are making the following improvements to the BDP consultation:

Initiating a new three-year General and Administrative and Capital budget forecast cycle starting with the 2025 budget

  • Stakeholders have asked for this longer time horizon to have an understanding of our outlook and to ensure our budget is reasonable. This outlook extension will help stakeholders better plan and prioritize their activities.

Streamlining the consultation process to fit the need and current environment, and to elevate the value proposition

  • This includes giving stakeholders more time to digest the Budget and Forecast information shared to allow for more meaningful participation in the consultation. We are providing stakeholders with a video introducing the preliminary budget as well as a presentation and forum to post questions a month in advance of the stakeholder session. We will also be providing a continuously updated resource of frequently asked questions to elevate discussions to strategic topics and avoid repetition. This document will be updated as pertinent themes emerge and it can be viewed under FAQ on the right-hand side of the page.
  • Understanding that stakeholders have had ample opportunity to review the Budget information, we will host a hybrid Q&A stakeholder session focused on discussion, answering clarifying questions and fostering relationships.
  • Removing the November 1:1 stakeholder meetings. Results of an internal review illustrated this step in the consultation process was not providing further budget consultation or clarification value.
This input period has concluded. Please join the Nov. 5 Q&A session to ask any further questions.

Purpose

The AESO invited all interested stakeholders to provide their questions to ensure we have determined the appropriate areas of focus, priorities, and pace in the 2025 Preliminary Budget and Forecast. 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 provided their clarifying questions on the 2025 Budget Development Process. The questions received from stakeholders via this tool by October 25, 2024, will be answered at the stakeholder Q&A session on November 5, 2024. You will also have an opportunity to ask any new questions on Nov. 5, 2024. Please note that we will make every effort to respond to questions however, there may be instances where are unable to comment due to confidentiality considerations.

Intro. Video and Presentation

The purpose of sharing an introductory video and the presentation well in advance of the Q&A session is to provide stakeholders with more time to consume information and develop their questions. Stakeholders can take advantage of this additional time to more meaningfully participate in the Q&A session scheduled for November 5, 2024.

Things To Keep in Mind

This is a space for sharing questions with respect to the 2025 Budget Development Process and engagement activities. Though we will do our best to address all the questions received, please keep in mind that some information remains confidential and cannot be shared externally.

Page last updated: 15 Nov 2024, 04:31 PM