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Share CloseShare this Story: Varcoe: Alberta power

Raiders squad: 1. Charnze Nicoll Klokstad, 2. Bailey Simonsson, 3. Share CloseShare this Story: Varcoe: Alberta power prices and consumer surcharge heading higher Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrNews Local NewsCOVID 19PoliticsCrimeNationalCOVID 19 WorldTrafficVideosWeatherArchives Reopening Canada More Reopening CanadaBusiness EnergyLocal BusinessOpen during COVID Real EstateCommercial Real EstateFP Markets FP Headlines FP Money TechnologyGamingInternetPersonal TechScienceSpaceTech BizSmall BusinessAlberta’s Top EmployersOpinion ColumnistsLettersEditorialsLife HealthWomenMenSeniorsSexual HealthDiet FitnessFamily ChildFoodTaste AlbertaRecipesHomesNew HomesCondosRec PropertiesFashion BeautyParentingRelationshipsPuzzles Comics RoyalsTravelSki SnowboardContestsSports HockeyCalgary FlamesNHLFootballCalgary StampedersCFLNFLSpruce MeadowsBaseballGolfGolf Videos CurlingSoccerInternational SoccerMLSRodeo ChucksTennisAuto RacingArts Local ArtsMoviesMovie Listings TelevisionTV Listings TheatreMusicCelebrityBooksSwerve Listings Obituaries Browse Notices Place an Obituary Place an In Memoriam Classifieds Browse Listings Place a Classifieds Ad Celebrating Real Estate Marketplace Local Directory FlyerCitySpecial Sections Careers Auction DrivingHealthingThe GrowthOpePaper Our Offers Home Delivery My Account FAQChris Varcoe Jan 04, 2018 4 minute readHeavy transmission lines lead away from TransAlta’s Keephills power generating plant. John Lucas / Postmedia NetworkArticle Sidebar Share CloseShare this Story: Varcoe: Alberta power prices and consumer surcharge heading higher Copy Link Email Facebook Twitter Reddit Pinterest LinkedIn TumblrArticle contentAlberta electricity consumers can expect to see a couple of surprises in their monthly bills in 2018: higher power prices and increased charges from the Balancing Pool.For the past three years, Albertans have enjoyed cheap electricity rates due to falling industrial demand and low natural gas prices, among several factors.In 2017, the Alberta pool price for electricity averaged $22.19 per megawatt hour (MW h), less than half of pre recession levels when the economy was roaring.But during the first two days of the new year, even as the bitter cold that gripped the province during the holidays finally lifted, prices were trading in the mid $30 range.Analysts’ forecasts and prices on the forward market are pointing in the same direction: upward.A report Tuesday by electricity consultants EDC Associates projects wholesale power prices will average $51.49 per MW h this year.Article content continuedBut EDC’s Duane Reid Carlson said the two biggest drivers will be the higher carbon tax the province increased its charge by $10 to $30 a tonne on Jan. 1 and the mothballing of older coal fired power plants, announced by TransAlta last month.”Consumers should see a doubling of the wholesale energy cost,” he said.

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