Competitive and Predictable Priced Power Essential for Economic Growth
As we responsibly transition into other fuel sources and build infrastructure, some of the factors we need to consider are meeting capacity growth in Alberta.
In Alberta to meet capacity growth, we need 200 to 300 megawatts (MW) a year to keep up with demand, and by 2030, depending on the competitiveness of carbon capture utilization and storage (CCUS) technology, we may need to replace over 5,000 MW of coal.
The current estimates are that the province will need $10 to $15 billion in power infrastructure, and it’s critical that we do our part to ensure the replacement power does not reduce the competitiveness of our economy.
High-cost power won’t cut it if we want to ensure that Alberta’s resources are competitive over the long term.