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All electric energy that is bought and sold in the province is exchanged only through the Power Pool of Alberta—the central, not-for-profit, independent, and open access entity that has been operating the competitive wholesale electricity market and the dispatch of electricity generation since its establishment in 1996.
Alberta was the first Canadian province to implement a deregulated electricity market. The market was established in 1996, following the adoption of the Electric Utility Act, the year before. Local distribution utilities, either investor- or municipally owned, retained the obligation to supply and the 6 largest utilities were assigned a share ...
Electricity market is characterized by unique features [12] that are atypical in the markets for commodities or consumption goods.. Although few somewhat similar markets exist (for example, airplane tickets and hotel rooms, like electricity, cannot be stored and the demand for them varies by season), [13] the magnitude of peak pricing (peak price can be 100 times higher than an off-peak one ...
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
Alberta's electricity market is separated into generation, transmission, and distribution. While the cost of electricity generation is dependent upon market forces, the cost of electricity transmission and distribution in Alberta is regulated by the provincial government. This is a breakdown of the electricity market in Alberta.
According to the U.S. Energy Information Administration (EIA), "Electricity prices generally reflect the cost to build, finance, maintain, and operate power plants and the electricity grid." Where pricing forecasting is the method by which a generator, a utility company, or a large industrial consumer can predict the wholesale prices of ...