In Alberta, solar panels and other renewable sources of electricity, would compete with the price of natural gas [1], since that is what a new conventional generating station would likely use.

Natural gas and oil prices [2] are not tightly coupled [3].

[1] https://economicdashboard.alberta.ca/NaturalGasPrice [2] https://www.macrotrends.net/1369/crude-oil-price-history-cha... [3] https://en.wikipedia.org/wiki/Natural_gas_prices#/media/File...