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In August 2021, based on AESO data, wholesale power prices in the province increased sharply to over twice the average 2020 Alberta Power Pool price. From January to August 2021 the average pool price was $103.51/MWh; in August it was $142/MWh representing the highest annual price of electricity in twenty years.
Electricity price forecasting (EPF) is a branch of energy forecasting which focuses on using mathematical, statistical and machine learning models to predict electricity prices in the future. Over the last 30 years electricity price forecasts have become a fundamental input to energy companies’ decision-making mechanisms at the corporate ...
Price forecasts from a few hours to a few months ahead have become of particular interest to power portfolio managers. A power market company able to forecast the volatile wholesale prices with a reasonable level of accuracy can adjust its bidding strategy and its own production or consumption schedule in order to reduce the risk or maximize ...
Canada's biggest oil-producing province Alberta is expecting its first budget surplus since 2014/15, Finance Minister Travis Toews said on Thursday, as soaring global energy prices and increased ...
Get the Alberta local weather forecast by the hour and the next 10 days.
Alberta's hopes of a rebound this year for its long-struggling oil industry have been dashed by a crash in global crude prices, dragging down producers' stocks and leaving the Canadian province's ...
Hydro power, nuclear power and wind generate 80% of Canada's electricity, coal and natural gas are burned for the remaining 20%. [128] As of 2008, Alberta's electricity sector was the most carbon-intensive of all Canadian provinces and territories, with total emissions of 55.9 million tonnes of CO
On 1 November 2019, during the premiership of Jason Kenney, the United Conservative Party (UCP) removed the electricity price cap of the regulated rate option (RRO) at 6.8 cents/kW—which had been in place since then-Premier, Rachel Notley's New Democratic Party had set the price cap in 2016. [14] In Alberta, the residential monthly utilities ...