More on TransAlta Electricity Price Manipulation
The Market Surveillance Administrator (MSA) claims TransAlta’s alleged electricity price manipulation in 2010 and 2011 could have cost Alberta consumers between an extra $40 million and $140 million (Edmonton Journal). At the same time that TransAlta is accused to have intentionally driven power prices through the roof by deliberately shutting down power generation plants, the MSA estimates that TransAlta reaped $16 million in extra profits. If the Alberta Utilities Commission agrees that TransAlta is guilty of deliberate price hiking, TransAlta could be fined up to $1 million per day and forced to reimburse consumers and affected utilities for their costs. See this link for more details on the MSA’s claims against TransAlta.