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REM Shorter Settlement

This page was archived on September 4, 2024. Visit the REM Technical Design page for all REM Intertie Participation materials and deadlines.

Purpose

As a part of the REM recommendation engagement, the AESO is exploring options to update the current (one-hour) settlement interval to either a 5- or 15-minute interval for generators, load or a combination of both. The shorter settlement engagement will focus on determining the estimated costs and benefits of implementing a new settlement interval in the Alberta Electricity market.

Background

After the initial discussion with stakeholders during the EWG session in April, a survey was completed by stakeholders on the initial implementation costs and timelines associated with transitioning to a shorter settlement interval. The information collected has been released in the REM Shorter Settlement Options Paper which can be found here. 

REM Objectives

In moving to a shorter settlement interval, the AESO seeks to meet the following objectives:

  • Ease of Implementation: The recommendation should strike an appropriate balance between modernization of the electricity market and feasibility of implementation by 2030.
  • Promote Reliability: The recommendation should provide price signals to both load and generation market participants that better match real time system conditions.
  • Long-term Direction and Modernization: The design and implementation of a shorter settlement interval is done in a manner that facilitates the transition to a decarbonized system and more consumer choice while minimizing overall system costs.

Purpose

As a part of the REM recommendation engagement, the AESO is exploring options to update the current (one-hour) settlement interval to either a 5- or 15-minute interval for generators, load or a combination of both. The shorter settlement engagement will focus on determining the estimated costs and benefits of implementing a new settlement interval in the Alberta Electricity market.

Background

After the initial discussion with stakeholders during the EWG session in April, a survey was completed by stakeholders on the initial implementation costs and timelines associated with transitioning to a shorter settlement interval. The information collected has been released in the REM Shorter Settlement Options Paper which can be found here. 

REM Objectives

In moving to a shorter settlement interval, the AESO seeks to meet the following objectives:

  • Ease of Implementation: The recommendation should strike an appropriate balance between modernization of the electricity market and feasibility of implementation by 2030.
  • Promote Reliability: The recommendation should provide price signals to both load and generation market participants that better match real time system conditions.
  • Long-term Direction and Modernization: The design and implementation of a shorter settlement interval is done in a manner that facilitates the transition to a decarbonized system and more consumer choice while minimizing overall system costs.
  • CLOSED: This survey has concluded.

    Request for Feedback | July 18 - Aug. 9, 2024

    Purpose

    We value your input and would like to ask all interested stakeholders to provide their feedback on the AESO's REM Shorter Settlement work stream. The survey will be open until August 9, 2024, and responses will be shared on AESO Engage. Thank you in advance for providing this important feedback.

    Materials

    REM Shorter Settlement Options Paper can be found under AESO Materials

    Instructions

    1. Please respond to the questions and provide your specific comments.
    2. Only one completed survey will be accepted per organization.
    3. Survey responses will be posted on AESO Engage as received.
    4. Responses due on or before August 9, 2024.

    Stakeholder Questions

    1. What segment of the industry do you represent?
    2. The Options Paper outlines the implementation of considerations and benefits of each of the shorter settlement options. Are there other implementation considerations and benefits of that weren't captured in this Options Paper? 
    3. Does the shorter settlement interval initiative overlap with other initiatives (e.g., interval metering to facilitate time of use pricing, demand side management programs) that your organization is considering
    4. In regard to question three, what is the timeline for such initiatives, and would the shorter settlement interval initiative help or hinder your considerations? 
    5. In recognition that there is a drive to modernize the electricity market to align with the energy transition, which option(s) can be advanced in a manner that progresses towards a shorter settlement interval that keeps costs and timelines reasonable, and sets up the electricity market for the future? 
    6. In regard to question five, what can be done to make the costs and timelines for implementing a shorter settlement interval reasonable?
    7. If you'd like to submit a formatted document with your organization's responses, you can do so here. 

    This page was archived on September 4, 2024. Visit the REM Technical Design page for all REM Intertie Participation materials and deadlines.

  • This feedback request has concluded.

    Request for Feedback on Shorter Settlement Cost Estimates | May 17 - June 11, 2024

    We value your input and would like to ask all interested stakeholders to provide their feedback on the AESO's REM Recommendation shorter settlement work stream. The survey will be open until June 11, 2024, and responses will be shared on AESO Engage. Thank you in advance for providing this important feedback.

    Instructions

    1. Please respond to the questions and provide your specific comments.
    2. Only one completed comment matrix will be accepted per organization.
    3. To upload your completed comment matrix:
      • You will need to be registered and signed in on the AESO Engage platform.
      • Please click on the "Complete Stakeholder Feedback" box below to upload your completed comment matrix.
    4. Individual results from this survey will remain confidential and the AESO will release a directional summary of the results when the detailed design and recommendation is released for stakeholder feedback.  
    5. Responses due on or before June 11, 2024

    Stakeholder Comment Matrix

    View the AESO Stakeholder comment matrix here or in the AESO materials section. 

    This page was archived on September 4, 2024. Visit the REM Technical Design page for all REM Intertie Participation materials and deadlines.