While the province thaws and experiences spring-like weather – power prices decreased 89% to $33.99/ MWh. However, even with lower prices this week the month is on track to settle over $100/MWh. Volatility in the forwards has decreased with more consistent hourly settles.
Gas prices also decreased this week but remain strong during the winter contract. Prices decreased 16% to average $2.00/GJ.
The Canadian Federation of Independent Business released the 2020 Red Tape Report cards nationwide – Alberta received a B-, the biggest jump across Canadian provinces up from an F over the last 3 consecutive years. The UCP launched the “Cut Red Tape” campaign and received thousands of submissions on ways to do it.