Alberta market update – mothballing & maintenance
An interesting week for Alberta power as April 1st brought the mothballing of two coal units, and additional
thermal units went offline for maintenance. With a significant drop in available thermal generation, prices were
slightly more volatile over the Easter long weekend. March settled at $32.27/MWh, a 35% increase over last
year. The week settled $32.68/MWh, very similar to the previous week. Day over day, high wind availability at
the end of March led to a daily settle of $28.90/MWh, but the first days of April saw settles slightly above $40/
Gas prices are also up this week, settling 20% higher than the previous at $2.23/GJ. Cold temperatures expected
to continue for the week have pushed prices up.
The first stage of the second and third phases of the Renewable Electricity Program are open for Request for
Expression of Interest. The next stage will open on April 27th.
Alberta power settles this week were volatile – with hours between $29/MWh-$836/MWh. With thermal generation offline and the tieline outage, many hours were constrained for supply. The week averaged $107.82/MWh, 37% higher than the week prior. The forward curve...
Alberta power settles were strong this week with a winter storm and colder weather and decreased thermal availability. The week averaged more than double the prior at $78.49/MWh, the balance of month is trading over $100/MWh. The forward curve is also trading up...
Snow hit the ground this Thanksgiving weekend – but strong supply availability led to low price settles. The week averaged $31.20/MWh, a 4% decrease week over week. Volatility remains in the forward curve as we are seeing more activity in the market closing out...