The AESO values stakeholder input and invites all interested parties to provide their feedback on the topics covered at REM Design Finalization Week 1 via the following stakeholder feedback form by March 24, 2025 at 4:00 p.m. MT. Please be as specific as possible with your responses. Thank you for your input.

Purpose

The AESO has identified the following outstanding questions for stakeholders to consider and respond to following Design Finalization Session Week 1, relating to Financial Transmission Rights (FTRs) and Locational Marginal Pricing (LMP). 

Note this feedback will be considered for development of the design. 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

• 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 > REM Design Finalization Session Week 1 - Written Feedback | March 7 - 24, 2025
• Click on the "Upload File" box at the bottom of this page to submit your completed feedback form

3. All responses will be shared on AESO Engage in their original format

4. Responses are due by March 24, 2025 at 4:00 p.m. MT

Questions

1. Do you agree that FTRs with LMP can help manage the financial risks of congestion in a transition from a transmission system planned under the current policy to one where congestion is a feature?

a. What should the duration of these transitional financial rights be?

b. How should eligibility be determined?

c. How should the size of awarded rights be determined?

d. Do you agree with the calculation of the value of the financial rights?

2. If the quantity of rights allocated reflects expected physical flows, is there a preference between FTRs or CRRs for these financial rights?

3. Do you have additional input to provide on the need for a mechanism to manage the financial impact due to the risk of congestion after the transitional period, in an LMP market that includes OTP and TRP? Do you support any of the options provided in the table on alternatives? If an alternative mechanism is needed, describe your approach.

Materials

Refer to the REM Design Finalization Session Week 1 Summary and Written Feedback Form.