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.
Things are heating up all over the place in Alberta up with the buzz of an election and temperatures in the double digits. The weekly average was $41.66/MWh, a ~30% decrease week over week. Even with decreased settles, forward prices continued to climb last week, up...
With parts of Alberta reaching above 0 degrees this week, Spring may have sprung with patio goers out this weekend. Price volatility remains with forced outages this week, however, the week averaged $54.43/MWh, a 66% decrease week over week. Forward prices saw...
It is the coldest February on record for cities in Alberta, some since 1936. There were a few relatively warmer days this week, which led prices to be 5% lower than last averaging $60.61/MWh. Forward prices are flat week over week. It is expected that the February...