Alberta Takes Major Step Toward New Future-Ready Electricity Market
The Restructured Energy Market aims to enhance grid reliability and attract investment but raises concerns over increased costs and risks to existing renewable projects, industry leaders say.
- On August 27, 2025, the Alberta Electric System Operator unveiled the final Restructured Energy Market design, introducing scarcity pricing, Locational Marginal Pricing, enhanced reliability operations, and new reserve products to strengthen reliability, improve affordability, and attract private investment for Alberta's future electricity needs.
- The AESO began developing the REM in summer 2023, driven by new supply types, growing demand, and technology changes, concluding in summer 2025 after extensive stakeholder engagement.
- Industry groups warned the design introduces new costs and transition risks, with the Canadian Renewable Energy Association saying the REM inadequately protects prior investments and its eight-year transition risks stranding assets for Alberta's wind, solar and energy storage sector.
- Amid industry concern, the AESO will begin stakeholder engagement in fall 2025 on ISO rules and implementation, while continuing transmission planning and addressing cost-sharing between generators and load.
- To mitigate risks, stakeholders recommend financial protections and faster transmission construction, including longer-term Financial Transmission Rights and South East and South West transmission projects to reduce congestion and protect investments.
13 Articles
13 Articles
AESO releases final design of Restructured Energy Market for Alberta; rules to follow - Electrical Business
September 5, 2025 – The Alberta Electric System Operator (AESO) unveiled the final design for the province’s Restructured Energy Market (REM). “Our new market design represents a significant milestone in Alberta’s electricity sector,” said president & CEO Aaron Engen. “It reflects our shared commitment to a reliable, affordable, and investment-ready market that serves Albertans today and prepares for the future.” Following direction from the pro…
The Toronto Star
Alberta Takes Major Step Toward New Future-Ready Electricity Market
CALGARY, Alberta, Aug. 27, 2025 (GLOBE NEWSWIRE) -- The Alberta Electric System Operator (AESO) today unveiled the final design for the province’s Restructured Energy Market (REM). The REM is a modernized framework for Alberta’s electricity market that will strengthen reliability,…
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