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Power lines over looking the city of Calgary located at Sarcee Trail and Bow Trail S.W. on Tuesday, May 14, 2019. Article content After being stuck in the doldrums last year, three key energy markets for Alberta are seeing a sudden resurgence. Prices for electricity, natural gas and oil have all been moving up this year, providing a temporary boost for power generators and petroleum producers — and leading to higher prices for consumers. West Texas Intermediate (WTI) crude prices surged more than $2 a barrel on Monday to close at US$61.69. Prices have rallied by 27 per cent this year and some analysts expect recent gains to hold, despite ongoing uncertainty surrounding the global pandemic and the pace of vaccinations. Natural gas prices in North America have also been rising recently, powered by cold winter weather. The AECO natural gas spot prices in Alberta jumped above US$5 per thousand cubic feet during the brutal cold snap earlier this month, closing Friday at US$2.71 — above prices that hovered around $2 a year earlier. Article content Electricity markets also strengthened because of recent frigid temperatures, with Alberta Power Pool prices averaging $237 per megawatt-hour (MWh) for the week ending […]
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