{"id":50868,"date":"2024-09-04T08:38:57","date_gmt":"2024-09-04T07:38:57","guid":{"rendered":"https:\/\/www.innovationnewsnetwork.com\/?p=50868"},"modified":"2024-09-04T08:38:57","modified_gmt":"2024-09-04T07:38:57","slug":"restructuring-albertas-energy-market-an-opportunity-for-innovation","status":"publish","type":"post","link":"https:\/\/www.innovationnewsnetwork.com\/restructuring-albertas-energy-market-an-opportunity-for-innovation\/50868\/","title":{"rendered":"Restructuring Alberta\u2019s energy market: An opportunity for innovation"},"content":{"rendered":"
In the last year, much has changed in the Alberta electricity sector. Numerous proposals for reforms have culminated in the most significant regulatory redesign of Alberta\u2019s electricity market since its inception over two decades ago.<\/p>\n
New technologies butting up against legacy market constructs are creating pressures on the system\u2019s ability to meet provincial objectives of assuring reliability and affordability while decarbonising, in anticipation of Alberta\u2019s commitment to reach economy-wide net-zero by 2050. Additionally, congestion management and administering an ever-increasing connection queue is becoming more and more challenging.<\/p>\n
Alberta\u2019s remarkable investability has historically been derived from its market\u2019s consistency \u2013 read certainty \u2013 but the lack of changeability in a sector that is currently centred on change and innovation, presents its own set of challenges.<\/p>\n
In March 2023, the Alberta Electricity System Operator (AESO) published the Reliability Requirements Roadmap<\/a> report. The report outlined a variety of forecasted reliability needs, from frequency stability to oversupply management to short and long-term supply adequacy. Recent supply shortfalls in January<\/a> and April, including the first brownouts since the 2013 floods, have only reinforced the need for change in how Alberta\u2019s electricity system works to ensure supply shortfalls don\u2019t become more regular occurrences.<\/p>\n