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The AUC’s actions are guided by three key principles. First, that our regulation should be light-handed where possible and more principles-based to reduce reliance on prescriptive rules. Second, that our planning approach will integrate efficiency aspirations into our strategic objectives and outcomes. Third, that we will continue to engage with stakeholders to explore eliminating or streamlining processes and rules through continuous improvement and embracing a more risk-based approach.
Based on these three key principles, the AUC submits an update on all its efficiency initiatives each month to the Department of Energy.The report explains in detail every efficiency action we are taking, its status, and its impact or benefit.
Materiality thresholds create a more effective and efficient regulatory process by focusing examination on material issues, avoiding the time, effort and resulting costs to investigate marginal cost differences. Materiality thresholds will now be used to test variances between approved, actual, and forecast operations and maintenance costs.
Eliminates formal application for low-risk projects in favour of a simple, one-page checklist and embodies Red Tape Reduction Act principles of proportionality, efficiency.
AUC will adopt virtually all recommendations of an independent panel of outside experts on how to implement changes to make rates processes more streamlined and timely. Recommendations include adopting an overarching, assertive case management approach, a preference for written hearings, and sharpening criteria around the scope of cross examination.