Quote:
Originally Posted by Tron_fdc
What are you talking about?
https://www.wsj.com/articles/SB967159556368862862
They deregulated the industry by auctioning off government owned assets to private industry, of which only 3 bothered to bid on it (Enmax, Epcor, Enron). Hence privatization. |
Those are power contracts, not generation assets. Alberta didn't own the power plants, they just had contracts for their output.
Quote:
Unlike most provinces in Canada, the Alberta government has never owned and operated a utility company. Historically, Alberta was primarily served by three vertically integrated utilities, covering the province in defined service territories. Electricity rates were set by a central regulator using a cost-of-service model.
The evolution to a deregulated market began in 1996, when the Power Pool of Alberta was created to dispatch energy across Alberta through a real-time energy market. The goal of this market was to encourage efficiencies by introducing competition in the electricity generation sector. The market was set up for energy to be dispatched through an economic merit order with a single equilibrium price.
The market evolved to full deregulation in 2001, following the auction of Power Purchase Arrangements (PPAs) in 2000. PPAs allowed the existing utility owners to continue to own and operate their facilities, but auctioned the dispatch rights of the associated energy to new buyers. This framework provided a competitive landscape by immediately introducing new players into the market.
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https://www.aeso.ca/aeso/continuing-...ricity-market/