Rethinking Regulation to Decarbonize Canada Directing Decarbonization - Examining regulatory barriers

We respectfully acknowledge the space our organization is headquartered in as the traditional and ancestral territories of the Blackfoot Confederacy, comprised of the bands Siksika, Piikani, and Kainai, the Îyârhe Nakoda Nations, including the bands of Goodstoney, Chiniki, and Bearspaw, and the Tsuut’ina Dené. [...] 2.1 Regulatory compact The regulatory compact is a general term describing agreements between regulators and companies where, in exchange for supplying reliable electricity to all at a reasonable price, the regulator grants the company a protected monopoly.12 The purpose of the agreement is to reach a compromise between the economic interests of the electricity companies, who want to maximize thei. [...] The regulatory compact may need to be updated to reflect this shifting landscape and enable utilities to innovate and remain viable.15 Broadening the scope of the regulatory compact would make it applicable in jurisdictions like Alberta and Ontario, where utilities are not the only actors that the regulator must oversee.16 Like the structure of the electricity system, societal values have also evo. [...] In 2007, the Public Utilities Commission of Texas designated five areas as Competitive Renewable Energy Zones (CREZ) and requested the Electric Reliability Council of Texas, the state’s grid operator, to develop transmission plans to connect these areas.86 Legislation was passed to approve the initiative in 2008,87 and the 82 Barriers to innovation in the Canadian electricity sector and available. [...] The amendment also called for the establishment of a new independent body called the Future System Operator that will be responsible for developing both gas and electricity systems efficiently and affordably.117 The Office of Gas and Electricity Markets (Ofgem), the U.