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Record Low Prices: Alberta Releases Results of Round 1 of the Renewable Electricity Program

Posted in Alberta Electric System Operator, Energy – Renewable, Alternative and Clean
Alberta

On December 13, 2017, the Government of Alberta announced the results of Round 1 of the Renewable Energy Program (REP).  The successful bids set a record for the lowest renewable electricity pricing in Canada, ranging from $30.90 to $43.30 per MWh with a weighted average price for the successful bids of $37 per MWh or 3.7 cents per kWh.

Summary of Results

REP Round 1 delivered more than the anticipated 400 MW with almost 600 MW of wind generation from the following four projects:

  1. EDP Renewables Canada Ltd. – Sharp Hills Wind Farm (248.4 MW) in Oyen, Alberta
  2. Enel Green
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