TransAlta timed power outages to drive up prices, says commission

Date:

The Alberta Utilities Commission has concluded that TransAlta Corp. deliberately timed power outages at power plants at peak times in order to drive up electricity prices.

The province’s market surveillance administrator alleged that the Calgary-based company manipulated the electricity market by shutting down power plants in 2010 and 2011 to drive up power costs during periods when demand was high.

Read full article here.

Canadian Press – Jul 27, 2015.

 

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