Ratepayers Will Pay Billions for Alberta’s Climate Plan
- Published: Monday, 22 August 2016 09:26
The Alberta government will try to challenge a regulation it said will saddle consumers with billions of dollars in losses from coal-fired power agreements, according to The Canadian Press. The regulation, which passed in 2000 protecting power companies by allowing them to hand back agreements to buy electricity from coal-fired plants if actions by the government make them less profitable. The government estimates these power purchasing arrangements (PPAs) could cost consumers up to $2 billion by 2020.