Since 2006, AISCA has worked with EAI, an independent wholesale energy management firm, to manage the physical energy supply requirements for its participates. The program includes 62 Independent Schools and Private ECS Operators as well as 6 Alternative Schools, 1 Charter School, 4 University Colleges and a handful of other facilities connected with independent schools. Through the Energy Aggregation Program, the participants benefit from customized energy products to meet their unique load profile requirements and they receive dedicated client care services from the energy suppliers.
How the Program Works
Since the beginning of the program AISCA has proactively managed the energy supply requirements of the participating institutions based on the wholesale forward electricity and natural gas markets. The Energy Program utilizes the same approach to help reduce costs that the large energy producers and wholesale energy marketers use to maximize their supply positions. AISCA gains the same competitive advantage with procurement and pricing insights into the wholesale markets to exactly know what, when and how to buy energy as a wholesale commodity without the risks associated to energy trading and delivery. The primary goal is to offer schools mid-long term stability in budgeting for energy costs by actively monitoring and securing future price opportunities at competitive wholesale prices.
AISCA Energy Program’s electricity portfolio is currently hedged against spot market volatility and carbon tax cost impacts through to the end of December 2020. We continue to monitor forward market options for 2021 & beyond, and evaluate any opportunities in the context of pending structural changes to the Alberta electricity market place. Potential changes to provincial government in 2019 may impact or delay transition to the capacity market structure, currently scheduled for 2021 start.
Natural Gas Performance
The new partial hedge natural gas agreement takes effect Nov 2017 through to Oct 2020, with a fixed price of $2.77/ GJ. Hedged volumes were based on 70% of the weather-normalized usage profile for each member; volumes in excess of hedged amounts will be sold to members at the AECO Index price. Natural gas price volatility is expected to be minimal for the foreseeable future, as North American storage levels remain at or near 5 year highs.
Utilities Market Outlook
Alberta’s Climate Leadership Plan continues to proceed, with the first phase of procurement being conducted for replacement renewable supply. The initial purchase is expected to be finalized by November 2017, and will provide a glimpse of the higher costs expected to be associated with non-thermal sources of generation.
Click on the pdf below for the most recent Energy Program Memo
Right-click on the memo below and choose “Save Target As…” (Internet Explorer) or “Save Link As…” (Firefox) to save the file to your computer for viewing and printing later. This file is in Portable Document Format (pdf).
AISCA Energy Program Coordinator
Email: [email protected]
Office phone: 780-469-9880
Energy Associates International:
EAI, based in Calgary, manages the AISCA energy portfolio and wholesale market transactions. EAI serves larger commercial and institutional clients such as West Edmonton Mall, CBE and Northlands etc. For more info, please visit: www.eaiglobal.com For further information or questions about the program please contact Pat Vos and she’ll be pleased to assist you.