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ARTICLE · 03 JANUARY 2018

Alberta's Renewable Electricity Program – Competition Exceeds Expectations

Osler, Hoskin & Harcourt LLP
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In 2017, the Alberta Electric System Operator (AESO) commenced the first Renewable Electricity Program (REP) competition in Alberta.

CanadaEnergy and Natural Resources
Simon Baines
Simon Baines
Martin Ignasiak
Martin Ignasiak
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In 2017, the Alberta Electric System Operator (AESO) commenced the first Renewable Electricity Program (REP) competition in Alberta. The REP is a result of Alberta's 2015 Climate Leadership Plan (Plan), which seeks to implement an economy-wide carbon levy, phase out coal, develop renewable energy, cap oil sands emissions and reduce methane gas. The economic impact of the REP is likely to be significant as it is estimated to result in $10.5 billion in new investment and the creation of at least 7,200 new jobs.

Project developers and investors should keep a close watch on the evolving electricity landscape in Alberta to maximize opportunities while at the same time minimizing risk.

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