Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Stock Market»Transforming the utilities system | Alberta.ca
    Stock Market

    Transforming the utilities system | Alberta.ca

    April 11, 20253 Mins Read


    Overview

    If passed, Bill 52, the Energy and Utilities Statutes Amendment Act, 2025, will enable key regulatory changes to Alberta’s utilities system that would allow hydrogen blending in the natural gas distribution system, and support critical updates to Alberta’s power market rules and transmission policies to help meet growing demand, stabilize utility bills, prioritize reliability and affordability and encourage investment in the province.

    The act would also strengthen the power grid by implementing a day-ahead reliability market which will ensure there is enough power available at all times, significantly reducing the risk of future grid alerts. Alberta’s government is working closely with industry and the Alberta Electricity System Operator (AESO) on a new market structure that prioritizes reliability and investment to be implemented in 2027. 

    This change is required because the electricity system was originally designed for a smaller number of power plants. The transition away from coal to add more power from natural gas and renewables has added to system complexity. Demand has also increased with population and thriving industries.

    The legislation would also support the implementation of the ‘Rate of Last Resort’, which was introduced earlier this year to protect Albertans not on a competitive electricity contract from unpredictable power price spikes.

    Key changes

    If passed, Bill 52, the Energy and Utilities Statutes Amendment Act, 2025 will:  

    • remove barriers to allow hydrogen blending in the natural gas distribution system for residential and commercial heating to support new technologies while ensuring the safety and reliability of the system
    • implement the necessary legislative framework to support the implementation of a Restructured Energy Market to prioritize reliability, strengthening the grid so that Albertans can get the power they need regardless of the weather
    • update transmission policies to maximize the use of lines already in service and implement a cost-causation model, so Alberta ratepayers no longer have to pay the full cost of new transmission lines
    • streamline the process to connect with other jurisdictions, reducing red tape and enabling critical improvements
    • amend the Petroleum Marketing Act to increase the number of board members for the Alberta Petroleum Marketing Commission
    • strengthen the authority of the Minister of Affordability and Utilities to support the ongoing implementation of the Rate of Last Resort 

    Next steps

    If passed, the amendments to the acts will come into force on various dates.

    The Restructured Energy Market is expected to begin in 2027. In the meantime, temporary measures were put in place on July 1, 2024 to ensure Albertans have reliable power and predictable utility bills.

    News



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    US stock market values tumble amid reports of high layoffs and hiring freezes – The Guardian

    Stock Market

    2025 World Wide Technology Championship Thursday TV coverage: How to watch Round 1

    Stock Market

    Dow, S&P 500, Nasdaq Slip; Tesla, Nvidia, AMD, Super Micro, More Movers; Trump Tariffs Uncertainty

    Stock Market

    Dividend | FMCG stock hits upper circuit after Q2 results, dividend announcement: Check amount

    Stock Market

    Dow, S&P 500, Nasdaq Rise; Novo Nordisk, Sarepta, Pfizer, Nvidia, More Movers

    Stock Market

    Education technology companies don’t tell you much about the AI in their products. 

    Stock Market
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Millions of UK households warned as energy bills set to rise again this winter

    Commodities

    The role of NBFCs, MFIs in empowering rural women entrepreneurs in supporting agricultural ventures

    Property

    Wisconsin city named hottest American real estate market by Realtor.com – NBC Chicago

    Editors Picks

    Metal Gear Solid Delta collector’s statue is a ‘hilariously bad’ waste of money

    August 29, 2025

    Silver Alliance et le Resah contractualisent pour plus d’innovations dans le médico-social • HOSPIMEDIA

    March 12, 2025

    High-Grade Copper, Lead and Silver Results from New Gascoyne Project

    July 17, 2024

    Patrick Mameli – Pestilence ‘The Dutch Metal Forefathers’ Maiden Aussie Tour’

    October 30, 2024
    What's Hot

    Vizsla Copper conclut un placement privé de 5,6 millions de dollars et modifie un accord d’option

    May 26, 2025

    Gold Prices Rise Rs 1,400, Silver Hits Record High; City-Wise Rates For Sept 30 | Savings and Investments News

    September 29, 2025

    WVU Agricultural Sciences Building closed due to chemical leak

    October 26, 2024
    Our Picks

    Nanjing Public Utilities Development Co. annonce ses résultats pour l’exercice clos le 31 décembre 2024

    April 10, 2025

    I pulled $90K out of my 401(k) and put it in precious metals. Is this the best way to save for retirement?

    September 5, 2025

    Top 5 High Dividend Yield PSU Stocks That Could Outperform in 2025 – Stock Insights News

    March 13, 2025
    Weekly Top

    AXS Investments Loads Up on 213,000 SQQQ Shares

    November 6, 2025

    Ukraine fails to secure restructuring of controversial growth-linked bonds

    November 6, 2025

    London Real Estate Leadership: 2026 Forecast in London

    November 6, 2025
    Editor's Pick

    Panhandle Real Estate Investments Expands Across All Florida

    August 9, 2024

    Cryptocurrency Filecoin’s Price Increased More Than 3% Within 24 hours

    August 21, 2024

    Chancellor considers replacing stamp duty with new property tax: Report – Mortgage Strategy

    August 19, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.