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Bullboard - Stock Discussion Forum Yangarra Resources Ltd T.YGR

Alternate Symbol(s):  YGRAF

Yangarra Resources Ltd. is a Canadian junior oil and gas company engaged in the exploration, development and production of clean natural gas and conventional oil. The Company has its main focus in the Western Canadian Sedimentary Basin. The Company has developed its land base to target the halo Cardium at Ferrier, Chedderville, Cow Lake, Chambers, O’Chiese, and Willesden Green with a focus on... see more

TSX:YGR - Post Discussion

Yangarra Resources Ltd > Electricity supply issues
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Post by TheRexmember on Apr 05, 2024 11:57pm

Electricity supply issues

From global 

Friday, and the provincial capital briefly faced rotating power outages — and it isn’t the first time this year Albertans have faced shortages.

Just before 7 a.m., the AESO declared a grid alert due to tight supply.

“Generation is slowly coming online, and we expect conditions to return to normal by 10 a.m.,” the non-profit organization posted on social media.

Utility provider Epcor said around 9 a.m. that AESO had directed it to “help manage power consumption in the province” so rotating outages were rolling across Edmonton.

Half an hour later, the outages stopped as the directive to conserve power had ended, but not before about 20,000 customers in Edmonton lost power at some point.

Enmax Power also tweeted that a number of Calgary neighbourhoods could see power disruptions as a result of the AESO directive.

Supply not matching demand: Utility advocate

Alberta’s electricity market is unique in Canada in that it is a for-profit, deregulated system.

It pays generators only for the power they actually dispatch onto the grid and pays nothing for standby generating capacity.

David Gray, former executive director of the Utility Consumer Advocate, said because Alberta operates as a real-time market, anything out of the ordinary brings the risk of knocking the system offline.

“There’ve been a number of the thermal plants — either the refired coal plants that are now running on gas and the coal plant that’s left at Genesee — that have been having outages. But the real the core problem is that we just don’t have enough backup power.”

Comment by kavern23 on Apr 08, 2024 9:13pm
The Alberta electricity providers are playing a dangerous manipulation game and it could back fire on them with increased gov regulation. power prices in Alberta were extremely low for like 10 days before this so as soon as renewables were low they all shut down spiking power. aeco is 1.60...lots that should have started up at even 50 dollars a mw. Bc has been importing power from Alberta on ...more  
Comment by kavern23 on Apr 08, 2024 9:15pm
If Canadian provinces don't work together more on new power grid lines to pipelines it will just result in more poverty 
Comment by TheRexmember on Apr 09, 2024 11:35am
We need to fix regulation in a big way. All types, provincial and federal. 
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