“This NDP government continues making announcements to address problems that they themselves have brought about with their ideological policies,” said Rick Fraser, Progressive Conservative Energy critic and MLA for Calgary- Southeast. “It is completely irresponsible for the NDP to place the blame for low investor confidence on anybody but themselves.”
For years, consumers and businesses have been content with Alberta’s electricity market. Albertans had access to a reliable source of energy at comparatively low prices. It is because of policies such as the accelerated coal-phase out and the carbon tax that have driven down investor confidence and brought about price volatility, causing the need to change the way our market operates. The Progressive Conservative caucus is cautiously optimistic as more details must be shared with Albertans as soon as possible.
“It’s clear that this government does not understand the long-term effects of their policies and it’s destroying business confidence which ultimately hurts consumers,” said Fraser. “The NDP need to be more open and transparent with our energy sector. Today, industry has made it clear that the only way they would continue investing in Alberta’s electricity system was if government provided a guarantee that their assets won’t be stranded by future policy changes. This is that guarantee.”