Alberta Energy Capacity Market

Calgary the province is reversing a 2016 decision by the then ndp government to implement a capacity market for the alberta s electricity sector instead deciding to stick with the energy only.

Alberta energy capacity market.

According to the data that rystad tracks alberta s current renewable capacity includes 0 1 gigawatt gw of solar and 1 8 gw of wind. Image by david reed from pixabay in 2016 the then ndp government decided to change alberta s energy only market for electricity to a capacity market. A capacity market requires a government appointed entity the alberta electric system operator in alberta s case to plan approve and administer the contracts to buy the capacity needed to meet expected demand. The market policy supports alberta s current energy only market where generators are paid only for the energy they supply to the market.

Which option is the best in alberta. By 2025 it expects that to grow to 1 8 gw of solar and 6 5. Alberta s electricity system the reversal of the capacity market and elimination of the regulated rate cap on electricity helps to restore investor confidence in alberta s electricity system. The alberta electric system operator aeso has been working to overhaul alberta s electricity market since 2017 after it concluded in a 2016 study the province should switch to a capacity.

A few weeks ago we told you about capacity market design in alberta and the debate going on over the length of the delivery period that will apply in the capacity market for new facilities. Yesterday the aeso issued sam 3 0. Energy only or capacity market. This alberta electricity market redesign was supposed to be completed by 2021.

Land titles mineral and surface rights energy news bulletins and other energy services. As a result of this policy specific rules were developed for both short term adequacy and price fidelity as well as for long term adequacy or reserve margins. This represents 2 5 of the generation capacity in the province. In alberta there is a market capacity of 428 mw of renewable energy available that can be produced from biomass and other eco friendly resources.