Alberta’s Restructured Energy Market – Long-term impacts and lessons from other markets

Alberta’s market reforms will have deep implications for developers, investors, and existing generators. While reforms are targeted at increasing reliability and affordability, the changes in market design will create new opportunities and challenges for renewable generation by creating a more efficient market and increasing competition.
Drawing from Aurora’s experience during market reform in ERCOT (Texas), the session will focus on exploring the impacts of Alberta’s REM on wind and solar investment cases, identifying potential winners and losers from the reform. Topics to be explored include regional demand and generation dynamics, their impact on revenue streams of renewables and batteries, and the major drivers of uncertainty in revenue outcomes.