Alberta electricity industry expects tripling of power prices from data centres

In Capital Power's latest earnings call, the company's CEO, Avik Dey, told analysts that he couldn't rule out prices of "$80 or $90" per megawatt hour of electricity by early 2028. By 2029, rival company TransAlta is predicting as high as $100 — a high not seen since the province's 2021-2023 energy crisis.