Experts Predict higher Electricity prices in Future

The price Calgarians pay for electricity is up slightly next month but at least one energy analyst is predicting consumers will be zapped by spiking rates more like those seen in April.
Enmax on Tuesday unveiled the rate for June — 7.15 cents per kw/h compared May’s 6.56 cents.
But Albertans should expect to pay considerably more than the current rates over the next two years as uncertain, interrupted supply meets increasing demand, said energy analyst Martin King of FirstEnergy Capital.
“An unexpected permanent shift in Alberta’s low cost generation availability has forced us to raise our power price outlook by as much as 50% over the next few years,” King stated in a report last month referring to the shutdown of Transalta’s Sundance 1 and 2 turbines.
“The permanent loss of the two units at Sundance has created greater uncertainty for the overall generation mix in the province, especially coming at a time of increasing demand.
On Wednesday, King said he’d “do nothing to change that outlook.”