Alberta Premier Rachel Notley says electricity prices will soon be capped at 6.8 cents per kilowatt hour through to 2021 to protect homeowners from any price spikes during the transition. “(Alberta’s) current electricity market is an outlier among North American jurisdictions. In the new system power producers will be paid for spot prices, as before. Alberta’s power prices are currently about half that 6.8 cent rate, but have spiked much higher over the past decade. The auction for power capacity contracts is not expected to begin until 2024.

Source: thestar November 24, 2016 02:28 UTC