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MARKET UPDATES: ELECTRICITY

Market Updates: Electricity

Alberta Capacity Market, The New Market Unfolds

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Published on: September 13, 2017

Electricity Quarterly Report - September 2017

In November 2016, a year after introducing the Climate Leadership Plan to reduce carbon emissions, the Government of Alberta announced its policy decision to restructure the existing “energy-only” electricity market, with the addition of a capacity market.1 This plan phases out coal, and consequently requires investment in the form of new renewable capacity, natural gas generation, or other dispatchable resources. Following this announcement, government stakeholder sessions were held to discuss the details and setup of the new market. The current start period for first capacity delivery is 2021..... Download full report.

September 2017

Trading Electricity for a Cause: The Recent Quebec-Ontario Electricity Agreement

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Published on: June 08, 2017

Electricity Quarterly Report - June 2017

In December of 2016, the premiers of Quebec and Ontario signed a historic trade agreement between Hydro Quebec and the Independent Electricity System of Ontario (IESO), to trade electricity between the two provinces for the next seven years, until the year 2023. This was the largest contract signed by Hydro Quebec since deregulation, which underscores the Quebec government’s goal of becoming a North American leader in renewable energy and energy efficiency..... Download full report.

June 2017

Interprovincial Electricity Trade: The British Columbia-Alberta Intertie

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Published on: April 05, 2017

Electricity Quartlery Report - March 2017

Trading electricity via import and export between regions has many benefits. First, a province could benefit from having the ability to import power when electricity is cheaper in other markets and export surplus power when prices are higher, leading to economic efficiency. Second, exchanging power could have environmental benefits. For example, British Columbia (BC) produces over 90 percent of its electricity generation from hydro dams while Alberta (AB) currently generates more than 50 percent of its electricity from coal-fired power plants. BC’s hydroelectric supply can help Alberta to reduce its carbon emissions, by replacing power from higher emitting sources with cleaner power. Similarly, excess power in Alberta (mostly during off-peak hours), can be stored in BC’s pumped hydro storage facilities, which could ultimately be exported back to Alberta when wind or solar production are deficient..... Download full report.

March 2017