Rule 023: Rules Respecting Payment of Interest

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Consultation has concluded

The Alberta Utilities Commission has approved amendments to Rule 023: Rules Respecting Payment of Interest, effective March 1, 2022.

In September 2021, the Commission initiated a rule-review process through the Engage consultation platform to seek feedback from stakeholders on proposed changes to Rule 023.

The Commission proposed the following amendments to Rule 023:

  • 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 regulatory lag period.
  • Removal of a specific materiality threshold.
  • Use of the Bank of Canada policy rate instead of the Bank of Canada bank rate.

The proposed amendments focused on simplifying and ensuring broad application of Rule 023. The goal was to streamline the rule while ensuring consistent decision-making for the payment of interest.

The Commission has reviewed the submissions from stakeholders and addressed the issues raised in the stakeholder comment table that accompanies the revised rule.

The clean and blacklined version of the rule can be found under “Consultation documents” on the right-hand side of the page.


The Alberta Utilities Commission has approved amendments to Rule 023: Rules Respecting Payment of Interest, effective March 1, 2022.

In September 2021, the Commission initiated a rule-review process through the Engage consultation platform to seek feedback from stakeholders on proposed changes to Rule 023.

The Commission proposed the following amendments to Rule 023:

  • 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 regulatory lag period.
  • Removal of a specific materiality threshold.
  • Use of the Bank of Canada policy rate instead of the Bank of Canada bank rate.

The proposed amendments focused on simplifying and ensuring broad application of Rule 023. The goal was to streamline the rule while ensuring consistent decision-making for the payment of interest.

The Commission has reviewed the submissions from stakeholders and addressed the issues raised in the stakeholder comment table that accompanies the revised rule.

The clean and blacklined version of the rule can be found under “Consultation documents” on the right-hand side of the page.


CLOSED: This discussion has concluded.
Discussions: All (4) Open (0)
  • Section 1. Application

    11 months ago
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    CLOSED: This discussion has concluded.

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    AUC staff proposes the following amendments to Section 1. Application:

    AUC staff invites you to provide your comments, if any, on the proposed changes.

  • Section 2. Definitions

    11 months ago
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    AUC staff proposes the following amendments to Section 2. Definitions:

    AUC staff invites you to provide your comments, if any, on the proposed changes. 

  • Section 3. Application for payment of interest

    11 months ago
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    AUC staff proposes the following amendments to Section 3. Application for payment of interest:

    AUC staff invites you to provide comments, if any, on the proposed changes.

  • Section 4. Commission approval of the payment of interest

    11 months ago
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    AUC staff proposes addition of Section 4: Commission approval of the payment of interest

    AUC staff invites you to provide your comments, if any, on the proposed amendments.