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ARTICLE · 15 APRIL 2026

Power Perspectives 2026: Alberta Regional Overview

McCarthy Tétrault
McCarthy Tétrault
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2025 marked another year of change in the Alberta power industry. Alberta continues to face a major electricity market overhaul through both updates to the Optimal Transmission Planning (“OTP”)...

CanadaEnergy and Natural Resources
Canadian Energy Perspectives
Canadian Energy Perspectives
Kimberly Howard
Kimberly Howard
Kerri Howard
Kerri Howard
Thomas McInerney
Thomas McInerney
Ashley Urch
Ashley Urch
Robyn Finley
Robyn Finley
Riley M. Thackray
Riley M. Thackray
Brandon Fleming
Brandon Fleming
Raye Willms
Raye Willms
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This article originally appeared as a chapter in our Power Perspectives 2026 publication and provides a look back at some of the key developments in the power market occurring in 2025. Power Perspectives 2026 provides an in-depth overview of the most significant developments in the Canadian power and emerging energy sectors. Where applicable, we have noted some of the updates to these topics that have occurred so far in 2026.

Introduction

2025 marked another year of change in the Alberta power industry. Alberta continues to face a major electricity market overhaul through both updates to the Optimal Transmission Planning (“OTP”) and Restructured Energy Market (“REM”), which focus on building a stable, reliable, and affordable system for energy generation and transmission. 2025 also brought greater market certainty through significant stakeholder engagement, final REM design and clearer steps for implementation. Further developments in 2026 are expected, which may have broad

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