When the winning bids for Alberta’s renewable power auction were announced in December, jaws dropped.
The winning projects were approved at a record-breaking low price of 3.7 cents per kilowatt hour — the lowest price for electricity anywhere in Canada.
“This is a game changer. Even the most optimistic observers were shocked at how low the price turned out to be,” said Binnu Jeyakumar, electricity program director at the Pembina Institute.
My, how the times have changed.