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Billions Invested in the U.S. by Alberta Regulated Utilities

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Dear Mr. Nenshi, Looking back at your record as Mayor of Calgary – the city, as the sole shareholder of ENMAX, approved the investment of $2 billion to buy Versant Power, a utility in Maine. You supported ENMAX’s highly leveraged investment in the United States (U.S.) and said : “The purchase by the city-owned company involves ‘good debt.’ ” Times have changed, and municipalities throughout Alberta will likely be affected by tariffs imposed by President Trump. Given this new reality and that you are now the leader of the NDP, what is your opinion on governments supporting/promoting utilities that have expanded their business interests by investing in the U.S.? As a local taxpayer, a local company, and a strong proponent of Canadian sovereignty, we believe Premier Smith should encourage our major municipal utilities to do the right thing and bring their foreign investment dollars back to Alberta. If our government wants to promote ‘Affordability,’ the big regulated utiliti...

Solar Club™ Members Celebrate A Record $14.9 Million in Earnings!

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When we launched the Solar Club in 2019, we had a bold vision: empowering homeowners with solar photovoltaic (PV) systems to actively participate in Alberta’s evolving energy market. Five years later, this vision has transformed into an inspiring reality. Here’s how Solar Club Members blazed a trail of success in 2024. For the very first time, Solar Club Members are collectively net positive in a single year based solely on exports to the grid . The value to Members for 2024 from exports, cash back, and Renewable Energy Certificates (RECs) is a whopping $14.9M , bringing the cumulative total from 2019 onwards to nearly $33M! The Solar Club operates on four core pillars: Improving ROI: By providing excellent rates, a cash back program, and the chance to profit from the sale of carbon credits, Members have vastly improved the returns on their solar investments. Achieving Net Zero: By aggregating all Members’ exports, we can achieve net zero or even climate-positive sta...

Unlimited Exports and the Power of Community Solar Generation

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Alberta’s Micro-generation Regulation should be celebrated as one of the country's more progressive and advantageous regulations. The abundance of solar energy in Alberta makes this a no-brainer, and we are thrilled to see this conversation continuing at a national level. The Solar Club™ now counts over a quarter of existing micro-generators in Alberta, which is a testament to the power of rooftop solar and our Hummingbird Virtual Solar Community. At an estimated 85 MW distributed province-wide, our Hummingbird VSC represents over 100,000 installed solar modules and places us second only to the Travers Solar Project. Growth in the solar industry has been tremendous, and we estimate it represents an investment of roughly one million dollars each day. Our Hummingbird VSC is an innovative solution to address Albertans’ concerns regarding large solar farms on agricultural land. By promoting solar installations on rooftops, we preserve viewscapes and alleviate grid load, especial...

Milestone Achieved - Market Stability!

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Earlier this month, the Market Power Mitigation Regulation, Alta Reg 43/2024 , came into effect and is already working to stabilize prices in the market. Where once generators had free reign to economically withhold generation to raise Power Pool prices, they are now limited in their capacity to do so. On July 22nd, at 10:06 PM, the AESO announced that the secondary price cap of $125/MWh would be in effect until the end of the month. This means that generators can only submit generation offers into the market at $125/MWh or less. The secondary price cap comes on the heels of daily price spikes each evening during the recent (and record) heat wave that enveloped large swathes of Alberta in July. We congratulate Minister Neudorf and his team on achieving stabilization of market prices through this new temporary Regulation. We are positive the ripple effect will continue across the industry and provide more stability for Albertans. BACKGROUND Our Government has been working exceptional...
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