Through the 1996 Electric Utilities Act the Alberta's deregulated electricity market began.[1]
The Act established arms-length agencies that oversee the province's electricity system—the Alberta Electric System Operator (AESO), the Balancing Pool, the Alberta Utilities Commission (AUC), Utilities Consumer Advocate (UCA), and the Market Surveillance Administrator (MSA).[1] In 1996, Alberta began to restructure its electricity market away from traditional cost-of-service regulation to a market-based system. Alberta's electricity policy, which is enacted through these agencies, is to create an electricity sector with a competitive market that attracts investors, while providing consumers with reliable and affordable electricity, as well as reducing harmful pollution to protect the environment and the health of Albertans, according to their 2022 website.[1]
Coal used to account for 80% of all electricity generated in Alberta.[2] By the end of 2019, with coal representing 36% of the generation mix and natural gas accounting for 54%, 89% of Alberta's electricity in Alberta was produced from fossil fuels.[3] Eleven per cent is generated with renewables, including wind turbines, hydroelectric, geothermal, and biomass.[3]
From 2000 until 2021, the average wholesale pool price on-peak times was approximately CA$70/MWh and CA$70/MWh during off peak times.
On August 12, 2021 the average wholesale daily pool price was CA$142/MWh representing the highest price in 20 years, according to AESO data.[4]
^ abcCite error: The named reference ABGOV_Overview was invoked but never defined (see the help page).
^Shaffer, Blake (December 30, 2021). "Alberta steps closer to ending coal power, faster than many expected. But then comes the hard part". CBC News. Retrieved March 2, 2022.
^ ab"Provincial and Territorial Energy Profiles – Alberta". Canada Energy Regulator (CER), Government of Canada. July 28, 2022. Retrieved November 4, 2022.
^Cite error: The named reference Varcoe_20210814 was invoked but never defined (see the help page).
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