REM Technical Design

Important Materials and Deadlines

Jan. 17, 2025 | Stakeholder Feedback on REM High-Level Design due

Jan. 8, 2025 | Congestion Avoidance Market (CAM) CanREA Presentation posted

Dec. 13, 2024 | REM High-Level Design* and associated Stakeholder Feedback Form posted
*Updated Dec. 16, 2024 to correct two typos (pages 6 and 35) and Jan. 8, 2025 to address a formatting issue



Stakeholder Update - December 13, 2024

Following the first six REM Design Sprints, we have released a high-level design document covering each element of the market design, incorporating what we heard and discussed with stakeholders. The written stakeholder feedback period will be open until Jan. 17, 2025.

Additional direction from the Minister of Affordability and Utilities associated with the REM Market Design was provided on Dec. 10, 2024. View the Direction Letter and News Release.

There is an updated report and data file from Energy+Environmental Economics (E3) that contains some additional information and clarifications of the analysis, as requested by stakeholders in Sprint 6. This includes a number of updates to the analysis on the impact of the most recent version of the market power mitigation framework, edits to clarify the concepts presented on a number of slides and new slides (15, 21, 28, 33, and 94).

Materials posted this week include:

Stakeholder consultations will help us continue to progress details on the final market design and work towards the ISO rule development stage. Watch for more information in mid-January on upcoming engagement opportunities.

Thank you for your interest, participation and contributions throughout the REM engagements. Your commitment and dedication have been instrumental in getting us to where we are. We look forward to continuing to work with stakeholders in 2025 to achieve a market design that sets our industry partners, the AESO and all Albertans up for a successful energy framework for the future.



Purpose

We have embarked on a multi-phased engagement with industry stakeholders to advance work on the new market design through the fall of 2024. It will be comprised of a series of information sessions, written feedback cycles, and consultation sprints to dive deeper into each workstream to explore and consider stakeholder perspectives and inputs prior to beginning the required regulatory processes early in 2025.

We will strive to ensure overall alignment with the stated REM objectives of:

  • Reliability
  • Affordability
  • Decarbonization by 2050
  • Reasonable implementation

Material will be covered according to six workstreams, including:

  • Day-Ahead Market
  • Market Power Mitigation
  • Pricing and Reserve Market
  • Market Clearing
  • Intertie Participation
  • Shorter Settlement

Engagement Schedule (revised: Nov. 25, 2024)


Important Materials and Deadlines

Jan. 17, 2025 | Stakeholder Feedback on REM High-Level Design due

Jan. 8, 2025 | Congestion Avoidance Market (CAM) CanREA Presentation posted

Dec. 13, 2024 | REM High-Level Design* and associated Stakeholder Feedback Form posted
*Updated Dec. 16, 2024 to correct two typos (pages 6 and 35) and Jan. 8, 2025 to address a formatting issue



Stakeholder Update - December 13, 2024

Following the first six REM Design Sprints, we have released a high-level design document covering each element of the market design, incorporating what we heard and discussed with stakeholders. The written stakeholder feedback period will be open until Jan. 17, 2025.

Additional direction from the Minister of Affordability and Utilities associated with the REM Market Design was provided on Dec. 10, 2024. View the Direction Letter and News Release.

There is an updated report and data file from Energy+Environmental Economics (E3) that contains some additional information and clarifications of the analysis, as requested by stakeholders in Sprint 6. This includes a number of updates to the analysis on the impact of the most recent version of the market power mitigation framework, edits to clarify the concepts presented on a number of slides and new slides (15, 21, 28, 33, and 94).

Materials posted this week include:

Stakeholder consultations will help us continue to progress details on the final market design and work towards the ISO rule development stage. Watch for more information in mid-January on upcoming engagement opportunities.

Thank you for your interest, participation and contributions throughout the REM engagements. Your commitment and dedication have been instrumental in getting us to where we are. We look forward to continuing to work with stakeholders in 2025 to achieve a market design that sets our industry partners, the AESO and all Albertans up for a successful energy framework for the future.



Purpose

We have embarked on a multi-phased engagement with industry stakeholders to advance work on the new market design through the fall of 2024. It will be comprised of a series of information sessions, written feedback cycles, and consultation sprints to dive deeper into each workstream to explore and consider stakeholder perspectives and inputs prior to beginning the required regulatory processes early in 2025.

We will strive to ensure overall alignment with the stated REM objectives of:

  • Reliability
  • Affordability
  • Decarbonization by 2050
  • Reasonable implementation

Material will be covered according to six workstreams, including:

  • Day-Ahead Market
  • Market Power Mitigation
  • Pricing and Reserve Market
  • Market Clearing
  • Intertie Participation
  • Shorter Settlement

Engagement Schedule (revised: Nov. 25, 2024)


  • The AESO values stakeholder input and invites all interested parties to provide their feedback on the REM high-level design via the following stakeholder feedback form by Jan. 17, 2025 at 4 p.m. MDT. Please be as specific as possible with your responses. Thank you for your input.

    Purpose

    The AESO has been working extensively with industry stakeholders and market participants, partner agencies and government to ensure the Restructured Energy Market (REM) design provides a strong foundation for the Alberta electricity system, ensuring it’s affordable, reliable, investable and sustainable for generations to come.

    We have released a REM High-Level Design that will be relied on to progress finalizing a complete design that best fits for Alberta’s purposes and reaches the REM objectives. We have progressed the design and narrowed the breadth of options that were being considered through our Design Sprint Sessions and the stakeholder feedback received so far. This round of written feedback will be used to build upcoming consultation activities that will assist in further refining and finalizing the REM.

    The sections in this document correspond to those in the REM High-Level Design. We have identified specific areas where we are seeking additional input from stakeholders. Responses in each section are optional.

    Instructions

    1. Please fill out the sections as indicated
    2. Only one completed feedback form will be accepted per organization
    3. To upload your completed feedback form:
      • You will need to be registered and signed in on the AESO Engage platform
      • You will need to be on the REM Technical Design page (https://www.aesoengage.aeso.ca/rem-technical-design), which can be found on the AESO website at www.aeso.ca and follow the path: AESO Engage (found on very top navigation bar) > REM Technical Design > Stakeholder Feedback > Written Feedback on REM High-Level Design | Dec. 13, 2024 – Jan. 17, 2025
      • Click on the "Upload File" box at the bottom of this page to submit your completed feedback form
    4. All responses will be shared on AESO Engage in their original format
    5. Responses due by January 17, 2025 at 4 p.m. MDT

    Stakeholder Questions

    • Comments From (Organization)
    • Respondent Name (First, Last)
    • Respondent Title
    • Respondent Email

    General

    1. What are the three topics within the REM that you would like us to prioritize for further stakeholder engagement?

    2. Which components of the REM, as they were presented in the High-Level Design, do you support? 

    3. Which components of the REM, as they were presented in the High-Level Design, do you have concerns with?

    4. Do you have any general comments about the REM design that have yet to be addressed? Please specify.

    5. Do you have any comments or suggestions on the stakeholder engagement and participation options that you want the AESO to consider when building the engagement plan for 2025? (i.e., in-person format, frequency, virtual information sessions, written feedback, governance, decision-making, etc.)

    Registration – Section 6

    6. Is there anything not captured under ‘Outstanding Items’ relating to Registration that should be considered? 

    7. Do you have any input to provide on the outstanding items listed?

    8. Other comments

    Day-Ahead Market – Section 7

    9. Is there anything not captured under ‘Outstanding Items’ on the Day-Ahead Market that should be considered? 

    10. Do you have any input to provide on the outstanding items listed?

    11. Other comments

    Intraday Unit Commitment Process – Section 8

    12. Is there anything not captured under ‘Outstanding Items’ on the Intraday Unit Commitment Process that should be considered? 

    13. Are there appropriate alternatives to the intraday commitment process to address the reliability needs that may emerge between day-ahead and real-time market clearing?

    14. Do you have any input to provide on the outstanding items listed?

    15. Other comments

    Real-Time Market – Section 9

    16. Is there anything not captured under ‘Outstanding Items’ for the Real-Time Market that should be considered? 

    17. Do you have any input to provide on the outstanding items listed?

    18. Other comments

    Congestion Management – Section 10

    19. Is there anything not captured under ‘Outstanding Items’ around Congestion Management that should be considered? 

    20. Is CAM the appropriate market-based congestion management mechanism to manage congestion? If not, why not?

    21. If not, can the CAM be modified in such a way to become an appropriate to manage congestion? If yes, how? 

    22. What additional [other] market-based congestion management mechanisms should be considered? And how do they meet the recent policy directions?

    23. Do you have any input to provide on the outstanding items listed?

    24. Other comments

    Market Power Mitigation – Section 11

    25. Is there anything not captured under ‘Outstanding Items’ on Market Power Mitigation that should be considered? 

    26. Do you have any input to provide on the outstanding items listed?

    27. Other comments

    Scarcity Pricing Curve – Section 12

    28. Is there anything not captured under ‘Outstanding Items’ on the Scarcity Pricing Curve that should be considered? 

    29. Do you have any input to provide on those outstanding items?

    30. Other comments

    Market Settlement – Section 13

    31. Is there anything not captured under ‘Outstanding Items’ on Market Settlement that should be considered? 

    32. Do you have any input to provide on the outstanding items listed?

    33. Other comments

    Materials

    View the REM High-Level Design Feedback Form here or in the AESO materials section.  




    Submit Feedback
  • CLOSED: This survey has concluded.

    Purpose

    The AESO is developing comprehensive content for upcoming REM Sprint design sessions. We are asking for your feedback on any additional pieces to consider including for discussion.  

    The feedback period will be open until September 6, 2024, and individual responses will be shared on AESO Engage in their original format. The AESO will take this feedback into account when designing content for its REM Sprint sessions. Thank you in advance for providing this important feedback.

    If you need further information on how to submit your organization's comment matrix, please email stakeholderrelations@aeso.ca.

    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 "Submit Stakeholder Feedback" box below to upload your completed comment matrix.
    4. All responses will be shared on AESO Engage in their original format.
    5. Responses due on or before September 6, 2024.

    Stakeholder Comment Matrix

    Download the AESO Stakeholder comment matrix here or in the AESO materials section and submit your completed matrix below.  


  • CLOSED: This survey has concluded.

    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 thdetailed 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. 

  • CLOSED: This survey has concluded.

    We value your input and would like to ask all interested stakeholders to provide their feedback on the AESO's REM Recommendation & Design Elements. Specifically, what stakeholders view as beneficial and what stakeholders view as creating concern regarding the REM recommendation and design elements meeting the objectives of Reliability, Affordability, Decarbonization by 2050 and Reasonable Implementation. 

    The survey will take approximately 20 minutes to complete and will remain open until April 30, 2024. Results of the survey will be shared on AESO Engage in their original state and will be shared with the Ministry of Affordability & Utilities (MAU) as they would like to further understand industry’s views on the REM Recommendation to inform their on-going decision making.

    Thank you in advance for providing this important feedback.

    Instructions

    1. To submit your feedback, you will need to be registered and signed in on the AESO Engage platform.
    2. Please click on the "Complete Stakeholder Survey" box below to provide your specific comments.
    3. Please submit one completed Stakeholder Survey per organization.
    4. Results will be posted on AESO Engage in their original state.
    5. Responses due on or before April 30, 2024.

    Stakeholder Survey Questions

    1. Please indicate which category your organization predominantly represents:
      • Generation (thermal or diversified fuel mix)
      • Load
      • DFO / TFO
      • Renewables
      • Storage
      • Retailer
      • Other
    2. Name of Organization
    3. First and Last Name
    4. My organization is a member of the Market Pathways Executive Working Group (EWG).
    5. What aspects of the REM Recommendation and Design Elements do you believe are beneficial to meet the objectives of Reliability, Affordability, Decarbonization by 2050 and Reasonable Implementation? Please provide your rationale and be as specific as possible.
    6. What aspects of the REM Recommendation and Design Elements do you believe create concerns for meeting the objectives of Reliability, Affordability, Decarbonization by 2050 and Reasonable Implementation? Please provide your rationale and be as specific as possible.
    7. What are the top three market design elements you believe need most focus during stakeholder engagement? Please provide your rationale and be as specific as possible.
    8. I have a good understanding of how the Restructured Energy Market recommendation will work in Alberta.
    9. If you answered neutral, disagree or strongly disagree to question 8, what aspects of the REM recommendation would you like additional information or clarification on? Please be specific.
    10. Any additional comments
Page last updated: 16 Jan 2025, 04:01 PM