Meanwhile, the NYMEX natural gas price fell 12% to US$3.83 per thousand cubic feet while the AECO natural gas price declined 1% to C$1.88/mcf, with the differential compressing to US$1.99/mcf, the bank said.

Alberta spot power prices averaged $44/megawatt-hour last week, peaking at C$112/MWh with a trough of C$16/MWh.

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