Alberta Market Recap – August 2017 All prices listed are indicative as of September 8, 2017. For firm power price quotes please contact TransCanada’s Power Marketing team. August experienced a few spikes in its hourly spot prices, but overall settled at a fairly mild price of $24.57/MWh. Although this settle was $2.39/MWh lower than last month’s settle of $26.96/MWh, it was 37% higher than August 2016’s monthly pool price and was the second highest monthly settle year-to-date. Alberta’s hourly spot price settled above $50.00/MWh for seven hours, while also settling above the triple digit mark of $100.00/MWh for six hours. On August 22nd specifically, the hourly pool price settled in the $300/MWh range for two consecutive hours. We saw this price spike due to strong load, low wind output, h
Alberta Market Recap – July 2017 All prices listed are indicative as of August 1, 2017. For firm power price quotes please contact TransCanada’s Power Marketing team. July was an eventful month in terms of weather, starting with B.C.’s raging wildfires causing the province to call their first State of Emergency since 2003. The smoke was pushed through most of Central Alberta creating several Air Quality Advisories by Alberta Health Services. Tornado warnings were also given by Environment Canada, with one non-mesocyclone tornado reported in Calgary on July 10th which produced high winds and debris. On July 7th, Alberta saw several record breaking temperatures in places such as Lethbridge, Banff, Cardston, Claresholm, Pincher Creek and Vauxhall. Although Calgary did not reach a new record
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.
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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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