Changes are coming to how power is generated in Alberta and how we're going to pay for it.

Sunday Alberta Premier Rachel Notley made the announcement that her government plans to shut down Alberta's coal fired electrical generating plants by 2030 and implement a carbon tax right away.

The plan will also put a hard cap on Oilsands emissions.

That tax will see the average Alberta family spend an extra $320 a year in 2017, $500 a year by 2018 and $900 a year by 2030.

The tax will be applied to hikes at the pump of 4.7 cents a litre in 2017 and 7.1 cents a litre in 2018.

The plan is expected to raise about $3-billion a year which will be used for clean technology, green infrastructure, financing the move to wind and solar power and other energy efficient programs.

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