UCP’s decision to stick with status quo on electricity market a boon for renewables, companies say
July 26, 2019
The UCP government’s decision to scrap plans to overhaul the province’s electricity system could boost renewable energy investment in Alberta, proponents say.
But critics warn that as power consumption increases and the phase-out of coal continues, sticking with the status quo for the province’s power market could result in price spikes and even rolling blackouts down the road.
On Wednesday, Alberta Energy Minister Sonya Savage announced the province will stick with its current energy-only electricity market system, after a 90-day consultation period that found industry “overwhelmingly” supports the model over the capacity market proposed by the previous NDP government.