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    https://energy5.com/understanding-alberta-current-power-rates-what-you-need-to-know

    The Impact of Renewable Energy on Alberta Power Rates: An Overview

    If you live in Alberta, Canada, you may have noticed your power rates have been fluctuating. This is due, in part, to the growing prevalence of renewable energy sources in the province. Renewable energy is energy generated from sources that can be naturally replenished, such as solar, wind, hydroelectric, and geothermal power. As the use of renewable energy increases, it's important to understand its impact on power rates in Alberta.
    Renewable Energy in Alberta

    Renewable energy has been gaining traction in Alberta in recent years. In 2017, the province announced a goal to generate 30% of its electricity from renewable sources by 2030. This goal was later increased to 50% in 2019. To achieve this target, Alberta has implemented various policies and programs to encourage the growth of renewable energy, such as:

    The Renewable Electricity Program, which invites proposals for new renewable energy projects through a competitive process.
    The Climate Leadership Plan, which includes a price on carbon and an accelerated phase-out of coal-fired electricity generation.
    The Micro-Generation Regulation, which allows Albertans to generate their own electricity from renewable sources and sell any excess power back to the grid.

    Impact on Power Rates

    The growing use of renewable energy in Alberta has had a noticeable impact on power rates. While it's difficult to determine the exact amount of this impact, there are several factors that contribute to the relationship between renewable energy and power rates:

    Low operating costs: Renewable energy sources such as wind and solar have low operating costs compared to traditional fossil fuel sources, which can lead to lower power rates.
    Increased competition: With the introduction of the Renewable Electricity Program, there has been increased competition among renewable energy providers, which can lead to lower rates.
    Infrastructure costs: While renewable energy sources may have low operating costs, the infrastructure costs associated with building and maintaining renewable energy facilities can be high. These costs may offset some of the savings from operating costs.
    Market fluctuations: Power rates in Alberta are subject to market fluctuations, which may be influenced by factors such as oil prices, weather patterns, and supply and demand. These factors can impact the relationship between renewable energy and power rates.

    Key Takeaways

    The growing use of renewable energy in Alberta has had a noticeable impact on power rates, influenced by variables such as low operating costs, increased competition, infrastructure costs, and market fluctuations. As renewable energy continues to play a larger role in the province's energy mix, it's important for Albertans to understand the relationship between renewable energy and power rates.

    Overall, the impact of renewable energy on power rates in Alberta is a complex issue. While it can lead to lower rates in some cases, there are also factors that may offset these savings. As the province continues to strive towards its renewable energy goals, it's important to carefully consider the impact on power rates and work towards achieving a sustainable and affordable energy future.

    Comment


      The energy transition is the new gold rush and investors play an essential role
      Mark D. Wiseman

      https://www.theglobeandmail.com/business/commentary/article-the-energy-transition-is-the-new-gold-rush-and-investors-play-an/

      "With the continuing electrification of the construction, transport and industrial sectors, the growth rate of electricity already surpasses those of oil, gas and coal. What’s more, increasing digitization across industries has led to a surge in data flow, processing, storage and server capacity, further amplifying electricity requirements.

      In order to meet this insatiable demand for electric power, governments everywhere are backing the shift toward renewables. The United States has offered unprecedented incentives for new renewable infrastructure investments through its Inflation Reduction Act. Canada is in hot pursuit. Europe’s major economies have been, and will continue to be, hubs for low-carbon energy development in wind, solar, nuclear and certain forms of hydrogen production.

      And it’s not just the West. In 2022, China’s investments in renewable energy surpassed those of the United States by nearly four times, at US$546-billion. This is the same country that is producing and exporting more electric vehicles than anywhere else in the world. Even Saudi Arabia, one of the most fossil-fuel-dependent economies on earth, plans to generate half of its electricity from renewables by the close of the decade, and is undertaking a broad government-led effort to diversify its economy.

      Comment


        Chuck2 I have yet to see where solar and wind deployment lowered electricity prices.

        Comment


          How the hell would you know what all the factors are that are affecting electricity prices in each of those countries just by looking at that chart?

          Try again.

          Comment


            According to the International Energy Agency you guys are wrong about the impact of renewables on electricity prices.

            https://www.iea.org/reports/renewable-energy-market-update-june-2023/executive-summary

            "EU electricity consumers are set to save an estimated EUR 100 billion during the 2021-2023 period thanks to newly installed solar PV and wind capacity. Accelerating renewable energy deployment in Europe since 2021 has mitigated the economic impact of the energy crisis. Low-cost wind and solar PV are on course to displace an estimated 230 terawatt-hours (TWh) of expensive fossil fuel generation over the 2021-2023 period, helping to reduce wholesale electricity prices in all European markets. Without these capacity additions, the average wholesale price of electricity in the EU in 2022 would have been 8% higher, hurting consumers, businesses and government budgets.

            Comment


              My hats off to you Chuck.
              Where do you find the time?
              All the other farmers are busy with harvest or preparing for harvest, and you manage to write a book on multiple threads this morning.
              What is your secret to time management?

              Comment


                Subscribed to many woke left green climate nazi accounts that send him ammunition daily, maybe hourly.

                Comment


                  Originally posted by chuckChuck View Post
                  How the hell would you know what all the factors are that are affecting electricity prices in each of those countries just by looking at that chart?

                  Try again.
                  Simple reality Chuck2, you never read anything I post, I thought maybe you would look at pictures lol!!!!

                  Comment


                    Originally posted by Hamloc View Post
                    Simple reality Chuck2, you never read anything I post, I thought maybe you would look at pictures lol!!!!
                    Have you considered posting in cartoon format?
                    Judging by the number of cartoons he posts, perhaps that is the way to reach him.

                    Comment


                      Originally posted by chuckChuck View Post
                      How the hell would you know what all the factors are that are affecting electricity prices in each of those countries just by looking at that chart?

                      Try again.
                      Chuck2 you are always telling us about the success of renewable generation in Germany and Denmark. At the same time you are telling us how deploying renewables lowers the cost of electricity. Well Germany has the second most expensive electricity in Europe and Denmark has the sixth most expensive electricity in Europe. While Norway which geographically is blessed with abundant hydro power, I believe gets about 98% of its electricity from hydro, has the 28th most expensive power, at less than a third of the cost of Germany. Just an observation.

                      Comment


                        Yes just an observation without any explanation. In other words meaningless!

                        So are you saying the International Energy Agency is wrong? LOL

                        According to the International Energy Agency you guys are wrong about the impact of renewables on electricity prices.

                        https://www.iea.org/reports/renewable-energy-market-update-june-2023/executive-summary

                        "EU electricity consumers are set to save an estimated EUR 100 billion during the 2021-2023 period thanks to newly installed solar PV and wind capacity. Accelerating renewable energy deployment in Europe since 2021 has mitigated the economic impact of the energy crisis. Low-cost wind and solar PV are on course to displace an estimated 230 terawatt-hours (TWh) of expensive fossil fuel generation over the 2021-2023 period, helping to reduce wholesale electricity prices in all European markets. Without these capacity additions, the average wholesale price of electricity in the EU in 2022 would have been 8% higher, hurting consumers, businesses and government budgets.
                        Last edited by chuckChuck; Sep 1, 2023, 07:00.

                        Comment


                          Originally posted by chuckChuck View Post
                          Yes just an observation without any explanation. In other words meaningless!

                          So are you saying the International Energy Agency is wrong? LOL

                          According to the International Energy Agency you guys are wrong about the impact of renewables on electricity prices.

                          https://www.iea.org/reports/renewable-energy-market-update-june-2023/executive-summary

                          "EU electricity consumers are set to save an estimated EUR 100 billion during the 2021-2023 period thanks to newly installed solar PV and wind capacity. Accelerating renewable energy deployment in Europe since 2021 has mitigated the economic impact of the energy crisis. Low-cost wind and solar PV are on course to displace an estimated 230 terawatt-hours (TWh) of expensive fossil fuel generation over the 2021-2023 period, helping to reduce wholesale electricity prices in all European markets. Without these capacity additions, the average wholesale price of electricity in the EU in 2022 would have been 8% higher, hurting consumers, businesses and government budgets.

                          Power would of been even more expensive without wind and solar ,
                          Not unlike the infamous slice of wisdom from the radical looney left ; “people who died of Covid would of had it much worse had they not been vaxed”
                          Last edited by Guest; Sep 1, 2023, 22:05.

                          Comment


                            A band of chronic complainers from western Canada on agrisilly, the home of flat earthers, can look at a chart of european electrcity prices and are absolutely sure the high prices in some countries are all the fault of renewable electricity capacity? LOL

                            Read it again and maybe a third time your understanding will improve? I doubt it, but give it a try. I will bold the most important words for you so that maybe you will have a break through?

                            From the international Energy Agency

                            "Low-cost wind and solar PV are on course to displace an estimated 230 terawatt-hours (TWh) of expensive fossil fuel generation over the 2021-2023 period, helping to reduce wholesale electricity prices in all European markets. Without these capacity additions, the average wholesale price of electricity in the EU in 2022 would have been 8% higher, hurting consumers, businesses and government budgets"

                            Comment


                              But , but , but …..
                              Your poster child “ Germany” is ripping them out , WTF chucky ?

                              Comment


                                Are you sure case? LOL

                                https://www.bloomberg.com/news/articles/2022-06-15/germany-s-solar-panels-generate-more-power-than-ever-before#xj4y7vzkg

                                From Bloomberg

                                Germany’s Solar Panels Generate More Power Than Ever Before


                                Germany adds 2.6GW of solar PV in Q1 2023
                                By Jonathan Touriño Jacobo
                                April 21, 2023

                                https://www.pv-tech.org/germany-adds-2-6gw-of-solar-pv-in-q1-2023/

                                Comment

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