The first good news is that geothermal was named as a high capacity generator that is a possibility for Alberta to meet its power needs.
A capacity market works by determining the needed power multiple years in advance. A competitive auction is then held to fill the identified need. Each generator will bid X amount of MW’s but is the final bid’s price that fills the last MW of forecasted need that determines rate per MW. The systems design is only in its first stages so there are no more details to share at this time but CanGEA will post information as we learn it. This linked website has a good breakdown of how a capacity market works.
Also, during a stakeholder engagement with Alberta Energy on Friday it was said that geothermal is eligible to apply to the current Renewable Electricity Program as it is a NRCan eligible renewable power generator. If you are interested in developing more that 5MW of power from geothermal you are encouraged to investigate the program. The first stage entrants do not at this time appear to bear any cost for applying, it is only if a project progresses to phase 2 screening are fees required.