TRADE RECEIVABLES AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Trade Receivables and Other Current Assets [Abstract]

Summary of Brookfield Renewables trade receivables and other current assets

Brookfield Renewable’s trade receivables and other current assets as at December 31 are as follows:

(MILLIONS)	2021		2020
Trade receivables	$	629	$	614
Collateral deposits(1)	434		1
Prepaids and others	354		64
Inventory	31		26
Income tax receivables	39		15
Other short-term receivables	139		162
Current portion of contract asset	57		46
	$	1,683	$	928

(1)Collateral deposits are related to energy derivative contracts that Brookfield Renewable enters into in order to mitigate the exposure to wholesale market electricity prices on the future sale of uncontracted generation, as part of Brookfield Renewable's risk management strategy.