Owners must calculate an instalment and include a detailed statement with their monthly application. Reviewing agencies may review the application, and they cannot approve it unless specific calculation and balance requirements are met.
(Consolidated up to 165/2024) alberta regulation 28/2023 Rate of Last Resort Stability Act RATE OF LAST RESORT STABILITY REGULATION Calculation of instalment 1 Each owner shall calculate the amount of an instalment the owner is applying for in respect of a calendar month under section 4.4 of the Act by (a) forecasting the total deferral amount for each rate class that the owner will be entitled to recover under that section over the remaining calendar months in the recovery period, (b) dividing the forecasted deferral amount for each rate class by the number of calendar months remaining in the recovery period, and (c) adding to the amount under clause (b) for each rate class any interest that the owner is entitled to recover under that section in respect of that calendar month for that rate class. Statement to be provided with application under Act 2 Each owner shall include with an application for a calendar month under section 4.4(2) of the Act a statement setting out (a) the owner’s calculations under section 1, (b) the balance of the owner’s deferral amounts, by rate class, as forecasted under section 1(a), (c) the interest referred to in section 4.1(5) of the Act that has accumulated on the owner’s deferral amounts and not been recovered by the owner, by rate class, (d) the balance owing by the owner under any loan made to the owner under section 4.3 of the Act, by rate class, and (e) the forecast consumption in kWh for each rate class (i) for the calendar month, and (ii) for the remainder of the recovery period. Review and approval of application under Act 3 (1) A reviewing agency may consider any matters that the reviewing agency considers necessary when reviewing an application to recover an instalment made under section 4.4(2) of the Act. (2) In addition to its obligations under section 4.4(4) of the Act, a reviewing agency may not approve the application of an owner unless the reviewing agency has reviewed the statement provided under section 2 and is satisfied that (a) the owner calculated the instalment in accordance with section 1, (b) the balance of the owner’s deferral amounts, by rate class, in the statement is accurate, and (c) the increase to the electric energy charge on the bills that will be sent to the owner’s regulated rate customers, by rate class, is reasonably expected to recover the instalment calculated under section 1. (3) A reviewing agency may increase or decrease the amount of an instalment in an application it approves under section 4.4(5) of the Act if the reviewing agency is satisfied it is necessary to do so to ensure that each instalment for the remaining calendar months of the recovery period will be a reasonably similar amount.