Alberta power market braces for shakeup as province commits to electricity overhaul

Alberta's electricity market is headed for a major shakeup, but some industry players fear a lengthy period of uncertainty could scare away badly needed investment in power generation.Alberta's electricity market is set for an overhaul but the prospect of a lengthy review period with new rules that won't come until 2027 has put some industry players on edge.

But the prospect of a lengthy review period with new rules that won't come until 2027 is making some industry players jittery.Extreme weather squeezes electricity systems. These strategies can help keep the power on She added any market reform must encourage wind, solar and energy storage technologies to play a foundational role in the province's electricity system of the future.

But he said significant reforms are needed to make the system work. The current market's rules were designed 25 years ago, when the bulk of Alberta's power was generated by coal-burning plants.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Labour market gains 41K jobs in Canada, supports Bank of Canada holding rates for longerStatistics Canada said February's increase in the labour market was driven by a rise in full-time work.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Alberta power market headed for shakeup as province commits to restructuring by 2027CALGARY — Alberta's electricity market is headed for a major shakeup, but some industry players fear a lengthy period of uncertainty could scare away badly needed investment in power generation.
Source: SooToday - 🏆 8. / 85 Read more »