Alberta energy regulator urges firms to boost compliance

MSA official’s comments come in wake of TransAlta manipulation fine

Matt Ayres - MSA
Matt Ayres of Alberta's Market Surveillance Administrator

Canadian power companies should step up their internal compliance efforts and stand ready to report instances of market misconduct on their own initiative, a senior official at Alberta's electricity market watchdog said at Energy Risk Canada on September 30.

"In my view, it is better to have the people doing the compliance work in companies, not in enforcement agencies," Matt Ayres, deputy administrator and chief economist for Alberta's Market Surveillance Administrator (MSA), said in a keynote