With deregulation of the electric industry in Alberta, the price paid for electric generation is no longer regulated. Generators sell their power to the Alberta Electric System Operator (AESO). The AESO, in turn, provides independent, fair, efficient and open-market-access for all Market Participants (Retailers), who buy electricity from the wholesale market at the hourly posted price.
There are over 200 participants and about $9 billion in annual energy transactions handled by the team at the AESO.
In Alberta, almost half of our energy is produced from coal, with an increasing amount being generated by natural gas including cogeneration. Renewable plants generate the remainder of the supply (hydro, wind and biomass). Over the last decade 5600 megawatts (MW) of new capacity was brought online and there are 1,219 MW of projects currently under construction.
New wind powered generation to be added to the grid over the next decade is forecasted to additional 2,700 MW…
Generation Capacity (April 2010)
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Minor sources of electricity generation in Alberta currently include biomass, waste heat and fuel oil.
The Canadian Wind Energy Association (CanWEA) believes wind energy can satisfy 20 percent of Canada’s electricity demand by 2025.
Coal is a fossil fuel burned to create low-cost power, and the world’s single greatest source of greenhouse gas (GHG) emissions.
Canada is the world’s second largest hydroelectricity producer (after China) but hydro generation is minimal in Alberta.
Alberta is the source of over 75 percent of Canada’s entire natural gas production.