Alberta Energy Capacity Market

The market policy supports alberta s current energy only market where generators are paid only for the energy they supply to the market.

Alberta energy capacity market.

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. Alberta is maintaining an energy only market as a result of overwhelming stakeholder support. 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. 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.

Energy only or capacity market. This represents 2 5 of the generation capacity in the province. 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. Which option is the best in alberta.

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. Yesterday the aeso issued sam 3 0. 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. 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.

The united conservative party has cancelled the ndp s planned overhaul which would have changed alberta s energy system from an energy only to a capacity market. Land titles mineral and surface rights energy news bulletins and other energy services. By 2025 it expects that to grow to 1 8 gw of solar and 6 5. This alberta electricity market redesign was supposed to be completed by 2021.