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AER Announces Key Updates
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AER Announces Key Updates and Changes to Directive 088

The Alberta Energy Regulator (AER) announces key updates and changes to Directive 088 through Bulletin 2025-27 released on August 27, 2025 for the remainder of 2025 through to 2027. 

Industry Mandatory Closure Spend Amount

  • 2026 closure spend set at $750 million under AER’s Liability Management Framework.
  • Each licensee will now be assigned a proportionate share of this requirement (no more two-rate approach).

Exemptions

  • Micro and junior dry gas producers with low estimated liability and in financial compliance may be exempt from 2026 spend requirements due to continued low gas prices.

Exceedance Bank (2025–2027)

  • Operators who exceed closure spend by 20% in 2025 or 2026 can bank the excess and apply it in 2026 or 2027.
    • No retroactive usage: Operators cannot underspend in 2025 and make it up in 2026 by overspending and retroactively applying the exceedance bank amount.
  • Exempt micro/junior dry gas producers cannot bank spend.

Get in touch with 360 EEC today to explore how these key updates and changes may affect your closure strategy and ongoing operations.

Click here to View the Bulletin

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