Alberta market update – mothballing & maintenance
An interesting week for Alberta power as April 1st brought the mothballing of two coal units, and additional
thermal units went offline for maintenance. With a significant drop in available thermal generation, prices were
slightly more volatile over the Easter long weekend. March settled at $32.27/MWh, a 35% increase over last
year. The week settled $32.68/MWh, very similar to the previous week. Day over day, high wind availability at
the end of March led to a daily settle of $28.90/MWh, but the first days of April saw settles slightly above $40/
Gas prices are also up this week, settling 20% higher than the previous at $2.23/GJ. Cold temperatures expected
to continue for the week have pushed prices up.
The first stage of the second and third phases of the Renewable Electricity Program are open for Request for
Expression of Interest. The next stage will open on April 27th.
Everyone is back after a typical May long weekend with a mixed bag of weather – chilly and a little damp in many places although some areas saw some sun! Prices were extremely moderate for the week averaging $27.77/ MWh, 43% less than the last. Low demand and...
It feels like snowy days are behind us with a weekend that felt like July in Alberta. With significant imports from BC and Montana, prices were relatively low even with the warmer weather. One day had significant thermal derates leading to a $100/MWh+ settle, with...
Alberta weather is back to spring with forecasts in the twenties this weekend. Mild weather over the past week had settles 14% down previous to last at $43.51/MWh. Forwards continue to climb although no material announcements have been made specifically relating to...