Alberta power grid sees major gains in reliability and cost
Alberta’s power grid gets a major boost, adding 3,000 MW and cutting electricity prices by 53 %, making energy more reliable and affordable for residents.
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Canada, Alberta: According to the 2024 Annual Market Statistics report from the Alberta Electric System Operator (AESO), Alberta’s power grid has become more reliable and affordable, driven by a significant rise in generation capacity.
In 2024, the province added over 3,000 MW of new power, increasing total installed capacity by more than 11 %. This expansion resulted in a 53 % drop in average electricity pool prices—from $133.63 / MWh to $62.78 / MWh—and a 49 % decrease in natural gas prices, from $2.55 / GJ to $1.30 / GJ.
For the first time since 2016, Alberta became a net exporter of electricity.
“Last year saw a remarkable increase in generation, and the benefits are clear: a stronger grid and the lowest electricity prices in years,” said Chantelle de Jonge, parliamentary secretary for Affordability and Utilities.
The AESO report underscores the importance of balancing reliability with affordability, reinforcing the need to modernize Alberta’s electricity system.
Minister of Affordability and Utilities Nathan Neudorf reiterated the government’s commitment to ensuring Albertans have access to stable, cost-effective power. “Electricity is not just about homes—it supports livelihoods and the well-being of Albertans and their families,” he stated.
Source: Western Standard
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