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ARTICLE · 17 JUNE 2024

The Renewable West: Restructuring Alberta's Electricity Market (Video)

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The Alberta Electric System Operator and the Alberta Market Surveillance Administrator released their outline for a Restructured Energy Market (REM)...

CanadaEnergy and Natural Resources
Luigi Cusano
Luigi Cusano
Gino Bruni
Gino Bruni
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Video transcript

Lou Cusano (00:05): Let's take a closer look at one of the major developments in Alberta's power industry, and what it means for renewable stakeholders.

Gino Bruni (00:13): Well, Lou, that would be the recommendation to restructure the energy only market into the restructured energy market, or "REM" for short. Lou, to start, what was the impetus for the REM?

Lou Cusano (00:24): Based on the AESO recommendation report and the related government announcements, there are a couple of things at play here. First, there is an ongoing concern regarding the price of electricity in terms of its volatility and high prices over the past few years. And second, the rise of intermittent forms of generation, such as solar and wind, has led to concerns about reliability and supply adequacy in the long term. And the recent brownouts in April have added to these concerns.

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