UCP government is elected, leaving Alberta electricity waiting for policy

There’s winter in the forecast this week after a beautiful Easter weekend! The warm weather led to
decreased settles by 13% to $31.53/MWh. Forwards are down slightly this week as well. There is potential
for stronger settles this week with some thermal generation offline, however, wind has been strong all

Gas prices averaged $1.31/GJ this week, down 10% from the previous. Two days settled under $1/GJ again,
attributed to the warm weather. The forward curve is flat week over week.

Big news in Alberta is that the United Conservative Party was elected with a majority government on
Tuesday with 63 seats. Rachel Notley will lead the official opposition party. Jason Kenney has announced his
senior members of staff including Stephen Harper as a key member. Premier Kenney and his cabinet will be
sworn in on April 30th.