ATCO Power

ATCO Power is a subsidiary of the ATCO Group of Companies (which includes ATCO Electric and ATCO Gas) that generates and sells electricity to commercial and industrial customers in Alberta.

About ATCO Power

ATCO Power owns and operates power generation plants throughout Canada (in Alberta, British Columbia, Saskatchewan & Ontario) and the world, and also sells electricity to commercial and industrial customers in Alberta. Its sister company, ATCO Electric, is the wires services provider for residential customers within certain areas in Alberta. Customers within the ATCO Electric service territory can purchase regulated rate electricity from Direct Energy Regulated Services, or purchase an energy contract from a competitive energy retailer. 

ATCO Power sells electricity to commercial and industrial clients only.

Commercial customers are medium to large power consumers who are not already power pool participants, such as hotels, real estate, retail chains & franchises, municipalities, hospitals, manufacturing, educational facilities and more. The company offers the following products for commercial customers:

• Pool Price Flow-Through: this is a floating rate for electricity that is based on the wholesale market price. It is best for customers who are comfortable with price fluctuations and/or are not yet able to accurately predict future needs for power. Customers who choose this option are able to switch to a fixed rate in the future if they so prefer.
• Structured Block: this plan provides a fixed price for a fixed volume of electricity. Any over or under consumption is bought or credited at the market price.
• Load Following Product: this is a fixed rate for power that is guaranteed for consumption within a certain minimum and maximum volume. This plan offers the lowest risk for price fluctuations

Industrial clients are large energy consumers who are already power pool participants, such as large energy companies, or companies in petrochemicals, oil services, manufacturing, forestry, etc. ATCO Power offers two types of contracts for industrial customers:

• Financial Contract: also known as the contract for differences (CFD). This plan allows the industrial customer to convert the floating power pool price to a fixed price for a pre-determined volume consumed. While the customer continues to pay the floating pool price to the AESO, ATCO Power calculates the difference between the floating price and the pre-arranged fixed rate. At the end of the month the net hourly difference between the fixed and floating price is calculated and the difference is paid by one party to the other.
• Physical Contract: this is a direct contract with ATCO Power for a fixed volume of electricity at a fixed price. The agreement is registered through a Net Settlement Instruction with the AESO. Any volumes of electricity that are over- or under-consumed are sold at the floating pool price. 

ATCO Power also provides temporary on-site distributed generation to remote operations not yet served by power lines. This can provide a short term electricity solution for construction camps, drill sites, or sites that rely on intermittent renewable energy sources. The company also provides permanent distributed generation for activities that need on-site power services, such as meat processing plants (which often need both power and steam), remote mining sites, or long-term camp facilities.

History

ATCO Power was formed in 1988 in order to develop power projects internationally, and the company is now established in Australia, Canada, & the United Kingdom. ATCO's generation assets in Alberta were combined under ATCO Power's portfolio following deregulation in 2001. 

Contact ATCO Power

ATCO Power's Head Office is based in Calgary, Alberta.

ATCO Power 
400, 919-11 Avenue SW 
Calgary, Alberta, Canada T2R 1P3 
Telephone: 403-209-6900 
Fax: 403-209-6920