Rule 023: Rules Respecting Payment of Interest

Consultations

Alberta Utilities Commission holds consultations with stakeholders to develop rules

​​​​​​​​Updates to Rule 023 - Rules Respecting Payment of Interest

Status: Open

Last updated: September 23, 2021

Contacts:

September 23, 2021

The AUC issued Bulletin 2021-17 seeking feedback on a number of proposed amendments to Rule 023: Rules Respecting Payment of Interest.​ The proposed amendments simplify Rule 023 and ensure broad application of the rule. Specifically, the Commission is considering the following amendments:

  • Broad application of the rule to all outstanding balances and adjustments of rates, tolls or charges and any other costs that are subject to the Commission's jurisdiction.
  • Simplification of the criteria applied to a request for the payment of interest.
  • Reduction of the period for which a balance must be outstanding.
  • Removal of a specific materiality threshold.
  • Use of the Bank of Canada policy rate instead of the Bank of Canada bank rate.

The following documents are related to the release​ of the draft Rule 023:

Documents​

​​​
  
  
  
  
  
  
  
Draft Rule 023 with proposed amendmentsAlberta Utilities Commission2021/09/22Rule (draft)2021
  
Draft Rule 023 with proposed amendments - blacklined versionAlberta Utilities Commission2021/09/22Rule (blacklined)2021
  
Rule 023 effective January 2, 2008Alberta Utilities Commission2008/01/02Rule (current)2008

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