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ARTICLE · 21 DECEMBER 2017

Alberta's First Renewable Electricity Program Competition Brings Record-Low Wind Power Prices

Osler, Hoskin & Harcourt LLP
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On December 13, 2017, the Alberta Electric System Operator (AESO) announced the results of the first round of the Alberta Renewable Electricity Program (REP) competition.

CanadaEnergy and Natural Resources
Paula Olexiuk
Paula Olexiuk
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On December 13, 2017, the Alberta Electric System Operator (AESO) announced the results of the first round of the Alberta Renewable Electricity Program (REP) competition. The REP is intended to encourage the development of 5,000 megawatts (MW) of renewable electricity generation capacity to the Alberta grid to meet its goal of producing 30% of the total electricity generated annually in Alberta from renewable energy resources by 2030. For a description of Alberta's REP, please refer to our April 5, 2017 Osler Update.

REP Round 1 results

By all accounts, this "opening-round auction" was a huge success with the selection of four wind projects to deliver nearly 600 MW of wind generation, representing a large investment in green power in Alberta and resulting benefits for the industry and the Albertan workforce. The auction also brought record-low pricing for wind energy generation, which will keep power affordable for Albertans. The total value added is approximately

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