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Alberta has seen a massive increase in corporate investment in renewable energy since 2019, and capacity from those deals is set to increase output by two gigawatts ? ?enough to power roughly 1.5 million homes.?
The explosive growth of renewable energy in Alberta has happened due to private investment from the likes of Amazon and the oil industry
The Alberta government tabled a bill on Wednesday that would allow the implemention of electricity and natural gas rebates announced earlier this year.
As power prices hit record highs, customers blamed everything from fees to the carbon tax. But this research shows private profits were by far the largest driver, said economist Blake Shaffer, who released the data analysis Wednesday.
Power companies were drastically increasing their profit margins as many Albertans were struggling to keep up with skyrocketing utility bills, according to a new report from the University of Calgary.