Minister Hughes receives report on electricity market from independent committee

Edmonton … Alberta’s Energy Minister Ken Hughes issued the following statement in response to receiving a report by the Retail Market Review Committee, the independent committee reviewing the retail electricity market in Alberta.

“Yesterday, I received the Retail Market Review Committee’s 390-page report, which includes 41 recommendations. It is clear that this is a comprehensive report, and my department will now start to carefully review the recommendations. “I want to thank the committee for its commitment to this review. Electricity use and how it is managed is something that impacts Albertans, and I know the committee members applied their years of experience and expertise when making their recommendations.

“The province will not make any decisions regarding the report until we complete a thorough analysis of the recommendations. My goal is to have the Government of Alberta’s response to the committee’s recommendations in the near future.”

The four-person committee was appointed by the Government of Alberta in March to review Alberta’s retail electricity market, and determine ways of reducing the volatility and costs associated with electricity. The committee examined whether the default rate is needed, how the rate is calculated and administered, how to mitigate price fluctuations, how charges other than energy use are determined, and how those charges are approved for payment by consumers.

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