Thank you for the question.
I think that it is really critical to understand the low-cost environment that we are in, in the renewable energy sector. Looking at contracts that have been signed in Alberta via the renewable electricity program, we're talking about $40 per megawatt hour or about 4¢ per kilowatt, which is the cost of wind electricity in Alberta, for instance.
Looking at the pool price or the market clearing price for electricity overall in Alberta, you're looking at over $100 per megawatt hour, which is what the average pool price has been over this past year. Certainly speaking to what the wholesale price of electricity is in Alberta versus how affordably you can deploy that same megawatt hour if it comes from wind, you're talking about quite a low cost.
As far as solar goes, looking at the recent experiences with procurements in Saskatchewan, we've seen solar coming in at around 7¢ per kilowatt or $70 per megawatt hour and those are results of a procurement from several years ago. The costs have continued to fall in the time since those were rewarded.
I can't speak to what the costs are for nuclear, but I think that any observer of the electricity markets across the country could understand that wind energy and solar energy are the lowest cost, non-emitting megawatt hours that can be put onto the grid. Certainly, when it comes to wind in western Canada, which is a very critical and strong resource, you are seeing costs that are majorly competitive with any other source of electricity, whether emitting or not, on the grid.
Thank you.