Province Looking to Void Power Purchasing Regulation
Jul 25, 2016 | 5:12 PM
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EDMONTON – The Alberta NDP government is going to court to challenge a regulation that it says could saddle consumers with billions of dollars in losses from coal-fired power agreements.
The regulation passed by the previous Conservative government allows power companies to hand back agreements to buy electricity from coal-fired plants when they stand to lose money.
The government estimates the power purchasing agreements could cost consumers up to $2 billion by 2020.
Some companies such as Enmax Corp. are using the regulation to terminate agreements that were reached when Alberta deregulated its electricity market.
