Below are the common terms in SOLARMAX's monthly invoice
a) Meter Read:
Each month the Wires Distribution Company (ATCO, ENMAX, EPCOR, FortisAlberta, Lethbridge) will read your meter and
prepare a file called a Tariff Bill File (TBF). This electronic file is sent to the retailer. It
contains the current meter read and the date the meter was read. The difference between the current
read and the previous read is your actual consumption during the defined time period. The actual
consumption is used to calculate the cost and price of your energy use.
b) Distribution Fees:
These fees are regulated by the Alberta Utilities Commission (AUC). The current charges invoiced
by the Wires Distribution Company that services your site is billed monthly, with direct pass through of
distribution fees. No additional charges or mark-up is applied to these charges.
c) Administration (Admin) Fees:
This covers the basic transactional fees incurred by UTILITYnet and us in processing your invoice. Please
refer to SOLARMAX Power Rates
for current rates.
d) Wholesale Cost:
This is the actual cost for the electricity you consumed. To calculate the Wholesale Cost, we use
the hourly Pool Price (PP) averaged over the calendar month. We then adjust this cost based on your
consumption relative to your Profile Class. This Profile Class is determined by your Wires Distribution Company.
The Wholesale Cost includes the Line Loss (LL), Unaccounted For Energy (UFE), Retail Market Adjustments
(RAM) plus the Alberta Electric System Operator's Spot Trading Charge (STC).
e) Energy Price:
The energy price is adjusted monthly. It is based on the average Wholesale Cost of electricity
consumed plus Retailer Markup (profit margin for SOLARMAX Power).
This price is applied to the energy you use, based on the meter read.
f) Common Terms:
The following terms are often used in the electricity industry - Line Losses (LL), Pool Prices (PP),
Spot Trading Charge (STC) and Unaccounted For Energy (UFE). A few brief descriptions are given below, but
for more detailed explanations please visit UTILITYnet's Glossary.
The monthly and historical details are also published on UTILITYnet's web site under the heading of
Key Performance Indicators.
LL The information to calculate the LL is obtained from the WCI
transaction (as referenced within under the Systems Settlement Code as administered by the AUC). For
customers in all other distribution zones the line loss factor is provided by the distribution company and
referenced as a percentage.
PP Refers to the hourly Power Pool price as published by the Alberta
Electric System Operator.
STC Means the Spot Trading Charge as published by the Alberta Electric
UFE Means the unaccounted for energy. The UFE factor is obtained from
the SSI transaction as provided by the Load Settlement Agent (LSA). The LSA is the operating division within
each Distribution Company.