Calgary prepares for energy rates to hit record high on Tuesday yyc
As end of electricity rate cap looms, study says low-income Albertans will bear brunt of repayment cost
“Over a 20-year period, we’re gonna get extreme highs and extreme lows,” said MacDonald. “Right now, in particular, we’re at an extreme high and there’s micro reasons to that.” Leif Sollid, a spokesman for the Alberta Electric System Operator, said in an email that the wholesale electricity market has increased in price by 59 per cent from last year to $162.46/megawatt-hour. He noted there was some relief on the horizon, with significant new generation scheduled to come online in Alberta within the next year.
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