Budget 2024 Provides Additional Details for the Clean Electricity ITC and Adds Another ITC for Electric Vehicles

April 19, 2024

In Budget 2024, the Government of Canada continued their drive to implement government incentives aimed at decarbonizing the economy through providing further clarification and design details for the Clean Electricity investment tax credit, and through providing an additional tax credit for electric vehicle manufacturers in the form of the EV Supply Chain ITC.

BC Hydro 2024 Call to Power—Overview of Request for Proposal Documents

April 10, 2024

On June 15, 2023, the Government of British Columbia announced BC Hydro was proceeding with a call for new sources of 100 percent clean, renewable emission-free electricity from large-scale projects, notably including wind and solar. As part of phase two of BC Hydro's engagement process, on January 8, 2024, BC Hydro issued a draft Request for Proposals (RFP). Organizations within the independent power industry, First Nations and stakeholders were invited to provide feedback on the draft RFP, and the resulting draft specimen Electricity Purchase Agreement.

Government of Alberta Unveils Further Details Regarding the Alberta Carbon Capture Incentive Program

April 09, 2024

On April 3, 2024, the Alberta Government released additional details on the Alberta Carbon Capture Incentive Program (ACCIP), which will support and accelerate the development of new carbon capture, utilization and storage infrastructure in Alberta. It is now open for industry and carbon sequestration hub operators to apply for ACCIP pre-approval, and the ACCIP rollout now includes more detail around the ACCIP's key features, eligibility criteria, eligible costs and the application process.

More Changes to Alberta’s Electricity System Announced, but Uncertainty Remains

March 21, 2024

At the Independent Power Producers Society of Alberta Annual Conference this March, the Minister of Affordability and Utilities announced interim measures to address recent electricity market concerns, while also signaling future market reforms will take place to address grid volatility and affordability. The announcement of two new regulations, and the subsequent release of several key reports from the Alberta Electric System Operator, the Market Surveillance Administrator and the Alberta Utilities Commission provide some insight into what the market can expect for the rest of the year and onward.

Alberta’s Long-Awaited Electricity Statutes (Modernizing Alberta's Electricity Grid) Amendment Act is Proclaimed

March 11, 2024

Nearly two years after receiving Royal Assent, the Government of Alberta proclaimed the Electricity Statutes (Modernizing Alberta’s Electricity Grid) Amendment Act (the Act) on March 6, 2024. The Act, formerly Bill 22, received Royal Assent May 31, 2022, but proclamation was delayed until the related regulations were developed and came into force. The Act amends key legislation including the Alberta Utilities Commission Act, the Electric Utilities Act and the Hydro and Electric Energy Act. Important supporting regulatory amendments include the updated Hydro and Electric Energy Regulation and the Transmission Amendment Regulation.