What is the Alberta natural gas reference price?

The Alberta Natural Gas Reference Price is a representative market price for natural gas bought and sold within the province, calculated using a simplified netback model. The Natural Gas Reference Price is a critical input into the valuation of the Crown's royalty volume.

How much does natural gas cost in 2021?

The natural gas consumer price consumption comes in the form of a rebate called The Energy Affordability Program. However, it’s difficult to forecast if this price protection will activate over the course of the next year – based on 2021, natural gas market prices peaked at $4.87/GJ, while the highest regulated rate price (RRO)was $5.328/GJ.

Will higher natural gas prices affect Alberta's economic growth?

“And if going forward, a lot of natural gas companies in Alberta spend the money they’ve received from higher prices towards new factories, or reinvestment or new hiring, that will impact and improve Alberta’s long-term economic growth.” Canada rolling out individual cigarette warnings.

What are the hours of operation for Alberta natural gas?

Table 2. Monthly Alberta natural gas average market prices by year $/GJ (dollars per gigajoule) Hours: 8:15 am to 4:30 pm (open Monday to Friday, closed statutory holidays) Was this page helpful?