About Alberta Energy
- manages the development of province's non-renewable resources including coal, minerals, natural gas, petrochemicals, conventional oil and oil sands and renewable energy (wind, bioenergy, solar, hydro, geothermal, etc.)
- grants industry the right to explore for and develop energy and mineral resources
- establishes, administers and monitors the effectiveness of fiscal and royalty systems
- promotes energy efficiency and conservation by both Albertans and industry
- encourages additional investment that creates jobs and economic prosperity.
Alberta Energy’s current Priority Initiatives, which include Government of Alberta focused agenda items and other government commitments, are detailed within the current business plan.
Energy’s mission is to assure sustained prosperity in the interests of Albertans through the stewardship of energy and mineral resource systems, responsible development and wise use of energy.
- Assure energy supply and benefits from energy and mineral resource development for Albertans
- Lead and engage citizens, communities, industry and governments to achieve effective stewardship of Alberta’s energy resources
- Lead and support the development of energy related infrastructure, innovation, markets and regulatory systems
The ministry consists of the Department of Energy (DOE), the Alberta Energy Regulator(AER), the Alberta Utilities Commission(AUC), the Alberta Petroleum Marketing Commission (APMC) and the Post-Closure Stewardship Fund.
- The AER regulates the safe, efficient, orderly, and environmentally-responsible development of hydrocarbon resources over their entire life cycle. This includes allocating and conserving water resources, managing public lands, and protecting the environment while providing economic benefits for all Albertans.
- The AUC regulates the utilities sector, natural gas, and electricity markets to protect the social, economic, and environmental interests of Alberta consumers.
- The APMC markets the Crown’s conventional crude oil royalty barrels and supports projects that will bring an added economic benefit to the province through improved market access or value-added processing.
The Post-Closure Stewardship Fund is financed by carbon capture and storage operators in Alberta, which will ensure that the storage sites are properly maintained in the long-term after operations cease. Industry will pay a per-tonne fee for the carbon dioxide stored to ensure that Albertans do not bear the burden of these costs after responsibility for the sites reverts to the provincial government.
Programs and services delivered by the ministry are reviewed for relevance, effectiveness, and efficiency in accordance with the Government of Alberta’s Results-based Budgeting Act.