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Alberta REP.pdf

renewable-electricity-program-backgrounder.pdf

🔗 Source: pembina.org

📊 Size: 890 KB

👤 Author: Suzy Thompson

⬇️ Downloads: 140

Summary

Alberta's Renewable Electricity Program uses competitive contracts for difference to ensure lower capital costs and lower electricity prices, awarding long-term contracts to renewable energy producers with the lowest bids. The program has held three rounds of procurement, and the results show that renewables are among the cheapest options for electricity, with costs continuing to fall. The program is expected to prevent electricity prices from rising, create jobs, and reduce greenhouse gas emissions. Alberta has significant wind and solar resources, and the program aims to reach 30% renewable electricity by 2030, which will create over 6,000 extra jobs and reduce CO2 equivalent emissions by 1,270 kt. The program also requires a minimum 25% Indigenous equity ownership, providing employment opportunities in Indigenous communities.

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Description

Alberta's Renewable Electricity Program uses competitive contracts for difference to ensure lower capital costs and lower electricity prices, awarding...

Technical Information

File Format: PDF
File Size: 890 KB
Pages: 5
Language: EN
Author: Suzy Thompson
Total Downloads: 140
Last Updated: 15 hours ago

Document Overview

This PDF document about Alberta REP provides comprehensive information and guidance. Whether you're a beginner or advanced user, this resource offers valuable insights into Alberta REP.