Alberta's Electricity Regime Overhaul: Implications of the Current and Evolving Regulatory Environment for Power Generation
DOI:
https://doi.org/10.29173/alr2874Abstract
Alberta is implementing its most significant electricity regulatory overhaul since 1996, responding to decarbonization, reliability, affordability, and rapid changes in the generation mix. This article explores the reforms in stringent land use, visual impact, and
reclamation requirements for renewables, an overhaul of market design via the Restructured Energy Market, and new transmission planning and cost allocation frameworks. These changes generate investment uncertainty, particularly for renewables and power purchase agreements, but also create opportunities for data centres and storage developers. The transition from zero-congestion to optimal transmission planning, new market power mitigation, and cost causation principles have substantial commercial impacts. Uncertainty is expected to persist until the regulatory framework stabilizes.
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