Alberta Market Recap – June 2017 All prices listed are indicative as of July 11, 2017. For firm power price quotes please contact TransCanada’s Power Marketing team. The summer has officially arrived and things are beginning to get a lot sunnier! Although we saw windier weather throughout the month, there were still some warm temperatures averaging in the low 20s. The weak El Nino continues to develop throughout the rest of the summer. Due to this, most of Canada can expect normal to above normal amounts of precipitation. The pool price average for the month settled at $18.25MW/h, which is the lowest average yet for 2017 and comes in $3.65 lower than last month’s average of $21.90MW/h. With prices generally staying consistent on a day-to-day basis, the first half of the month had a frequ
Alberta Market Recap – May 2017 All prices listed are indicative as of June 12, 2017. For firm power price quotes please contact TransCanada’s Power Marketing team. Starting the month off on May 3rd, Calgary saw temperatures that rose above 20 degrees Celsius for the first time since September 27th, 2016. While things have been warming up, they’ve also been getting wetter as precipitation rates have been as much as twice the average amount, making conditions damper than they’ve been in the last two years, particularly during the beginning of the month. Another damaging flood is hard to predict but City of Calgary officials are warning citizens in hopes they’ll better understand and prepare for any future flooding events. There was an increase in pool price of $2.80/MWh from last month’s
Alberta Market Recap – April 2017 All prices listed are indicative as of May 3, 2017. For firm power price quotes please contact TransCanada’s Power Marketing team. April 2017 was a very mild month for the Alberta electricity market, settling at $19.10/MWh for the entire month. This is the lowest average settle thus far for this year and can be attributed to the events described below. The morning of April 8th, 2017, seemed to set the trajectory for the month with electricity prices falling to the market floor. Two hours settled at $0.01/MWh and another two hours settled at $0.00/MWh that morning. During these hours, wind output was high, load was weak, and the market had 99% coal availability which led to the AESO declaring a state of surplus supply in the market. A couple weeks later,
Alberta Market Recap – March 2017 All prices listed are indicative as of April 6, 2017. For firm power price quotes please contact TransCanada’s Power Marketing team. On Monday March 20th, spring was welcomed with slightly below average temperatures. However, a few days prior, on Saturday March 18th, temperatures reached a high of 15.4 degrees Celsius and 14.5 degrees Celsius on Wednesday March 15th. These warm double digit temperatures melted away all of the snow and had people out on the patios for multiple days in a row. Besides a few days at the beginning of March where we received a few centimeters of snow and temperatures that dipped down to -17 degrees Celsius, it was a relatively mild month both weather and electricity price wise. March averaged $21.01/MWh with only one single ho
Alberta Market Recap – February 2017 All prices listed are indicative as of March 2, 2017. For firm power price quotes please contact TransCanada’s Power Marketing team. February 2017 was a quiet month for the province’s electricity market. Prices ended up settling at $22.18/MWh which is $1.78/MWh lower than the previous month and almost 30% higher than February 2016’s monthly settle of $17.22/MWh. All hours settled below $50.00/MWh, with the lowest hourly price settling at $13.29/MWh and the highest hourly price settling slightly below the $50.00 mark at $49.62/MWh during the evening of Oscar Sunday on February 26th. Approximately five coal outages and low wind output were the main reasons Alberta saw this short-lived strong Sunday evening peak. On top of the increased monthly pool pric
Alberta Market Recap – January 2017 All prices listed are indicative as of February 6, 2017. For firm power price quotes please contact TransCanada’s Power Marketing team. Prices barely surpassed $50.00/MWh for three hours on January 2, 2017 which was one of the coldest days of the month. During these three hours, temperatures were at -25 degrees Celsius with minimal wind output and a few coal derates. The remaining month had lower spot prices, with the exception of one hour during the evening of January 30, when the hourly spot price reached $50.01/MWh due to a coal plant outage, increased load, and rapidly decreased wind output for the hour. Overall, the month averaged $23.96/MWh, which was just $1.71 MWh higher than January 2016’s monthly settle of $22.25/MWh. Average AIL demand for the
During Alberta’s cold spell in the first half of December, Alberta’s electricity market set three electricity usage records in a row. According to the Alberta Electric System Operator (AESO), the province consumed a record amount of electricity on December 8th, 2016 between 5:00pm and 6:00pm when AIL demand reached 11,442 MW. This record followed and surpassed the previous records that occurred on December 7th, 2016 when AIL demand reached 11,404 MW and December 5th, 2016 when AIL demand reached 11,400 MW. These three days of record high demand can mainly be attributed to colder than normal temperatures and increased holiday demand across the province. This is the first electricity consumption record since January 2015.
Alberta Market Recap – November 2016 All prices listed are indicative as of December 7, 2016. For firm power price quotes please contact TransCanada’s Power Marketing team. Last month’s slight strength in pricing was short lived, as November’s average monthly price decreased back down to the mid-teens where the majority of the months have settled at in 2016. Down from October, November settled at $16.32/MWh with its highest hour settling at $36.41/MWh at around ten o’clock in the morning on November 1st, 2016. This month’s settle is almost $10.00/MWh below last month’s settle with no hours reaching or surpassing the $50.00/MWh mark. This marks the lowest November settle since deregulation in 2001. Alberta Internal Load (AIL) Demand for the month of November averaged 9,542 MW, ranging from
Alberta Market Recap – October 2016 All prices listed are indicative as of November 7, 2016. For firm power price quotes please contact TransCanada’s Power Marketing team. October showed a bit more strength than the previous months in 2016 as it finally settled above $20.00/MWh for the first time in eight months at $25.37/MWh. This is 18% higher than September 2015’s settle of $21.47/MWh and is 43% higher than last month’s average. During the month of October, two hours ended up settling above the $50.00/MWh mark with the maximum hour of $61.93/MWh occurring on October 24th, 2016 at around 2:00 p.m. (HE 15). The stronger hours were a result of cooler temperatures, multiple coal outages, high tracking load demand, and low wind output. Alberta Internal Load (AIL) Demand averaged 9,091 MW ran
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Check out our July Power Market Update, including the June Market Recap. https://t.co/i6hhSyHcvt https://t.co/mGy7xmyfzU
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