Policies and Codes
Powerex employees and our trade activities are governed by a number of corporate and industry policies and codes of conduct including:
Powerex Trading Code of Conduct
Our trade activities are governed by the Powerex Trading Code of Conduct
which is applicable to all Powerex employees.
Powerex Price Reporting Policy
Powerex has a comprehensive Price Reporting Policy that adheres to the requirements of the US Federal Energy Regulatory Commission, the recommendations outlined by the Committee of Chief Risk Officers, the Electric Power Supply Association and the Western Systems Power Pool Agreement.
Powerex Risk Management Policy
Risk management at Powerex consists of three components - the Powerex Risk Management Governance Framework, the Powerex Risk Management Policy and the Powerex Risk Management Procedures. These, together with other key regulatory compliance instruments and reporting requirements, ensure that Powerex operates in the manner required of a subsidiary of a Crown Corporation in British Columbia. In addition to general corporate codes of conduct, Powerex traders are governed by a Trading Code of Conduct.
BC Hydro Code of Conduct
The Powerex Board of Directors, executive management team and Powerex employees are also bound by BC Hydro’s Director and Employee Code of Conduct. The code provides general guidance on standards of conduct, including guidelines on conflict of interest, as well as requirements associated with confidential information, entertainment and gifts, environment and safety, and the use of BC Hydro property.
The Code also includes guidelines applicable to BC Hydro and Powerex contractors, consultants and suppliers, and procedures for exemptions.
Please visit BC Hydro’s website to read the Code of Conduct
BC Hydro Standards of Conduct (Transmission)
BC Hydro provides open and non-discriminatory access to its high voltage transmission system for all third parties, including Powerex. More information about BC Hydro transmission may be found at BC Hydro
Some information about BC Hydro's transmission activities could, if available to a third party, give that third party an unfair advantage in the electricity market. Sometimes this information needs to be shared with employees of BC Hydro. BC Hydro employees must keep this information confidential and a Standards of Conduct (SOC)
has been established to ensure that this legal requirement is understood and followed.
The SOC embodies a "no-conduit" prohibition which prohibits BC Hydro employees from disclosing its non-public transmission information to persons who should not receive it, including other employees of BC Hydro or Powerex.