Alberta Implements New Electricity Market Rules to Lower Utility Bills

The Alberta government introduces temporary measures targeting 'economic withholding' by power generators to reduce consumer power bills.

Alberta's government updates electricity market rules with new temporary measures aimed at lowering consumers' utility bills.
The measures focus on the practice of 'economic withholding,' where power producers hold back supply to offer it at a higher price.
New rules will limit the offer price of natural gas generating units owned by large providers if net revenues exceed a predefined threshold.
The changes are part of a broader effort to adapt the province's electricity market, originally designed for a coal-dominated energy mix, to better suit a system now driven by natural gas and renewables.
The government's actions aim to ensure Albertans have access to affordable and reliable power while still allowing generators to earn revenue.