Power / Electricity

Power / Electricity Overview

The Alberta market needs power to support the growth of Industry and the expanding population, particularly in Calgary, Edmonton and Red Deer. However, smaller centers are growing as well. With a stated mandate to shift away from coal fired generation which currently accounts for some 67% of electricity in the Province, Patriot sees the opportunity for growth in cleaner energy alternatives.

The Alberta market needs power to support the growth of Industry and the expanding population, particularly in Calgary, Edmonton and Red Deer. However, smaller centers are growing as well. With a stated mandate to shift away from coal fired generation which currently accounts for some 67% of electricity in the Province, Patriot sees the opportunity for growth in cleaner energy alternatives. The interest in Natural Gas as a source fuel for Power or Electricity generation has been gathering momentum. In this current low priced natural gas environment, thanks to the proliferation of shale gas, we don’t see an opportunity for natural gas prices to trend back to the bullish levels in the 1990’s. The opportunity for Energy Producers to shift their natural gas to power generation presents a significant opportunity.

Patriot has worked with clients such as the Siksika First Nation to examine ways to increase its revenue stream by moving its proprietary natural gas resources to a power utility and sell electricity back onto the grid. The revenue potential of Gas to Power Projects creates an outstanding opportunity for natural gas producers that want off the low priced existing markets of today.

Key Drivers in Gas to Power:

  • Alberta will need a base load of power projects in the future… which is now
  • Natural Gas to Power Projects create a price spread that favours the producer in these projects
  • The forward price curve for natural gas remains low while power prices are much stronger
  • Alberta as in other jurisdictions will be decommissioning coal fired generation over many years
  • Alberta has an abundance of natural gas
New technology in high efficiency turbines that maximize fuel usage and reduce emission along with our carbon footprint make for high profile projects that attract investment opportunities. Patriot has both the ability and the contacts to bring in credit worthy investors for credit worthy projects.

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If you need more information on Power and Electricity, please feel free to contact us.

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