Alberta to implement retail power-price cap amid market reforms

摘要

Alberta’s government plans to set a price cap of 6.8 Canadian cents/kWhrnon retail electricity in 2017, more than three times the average third-quarterrnwholesale spot price, as it works to reform the province’s power market.rnThe rate ceiling will take effect in June 2017 and remain in place throughrnJune 2021, the province said in a Nov. 22 statement. Consumers who elect torntake the government’s regulated rate option will pay the lower of the marketrnrate or the government’s ceiling price. Spot prices averaged C$17.94/MWh inrnAlberta’s deregulated wholesale power market in the third quarter, accordingrnto the province’s Market Surveillance Administrator.