Crude Oil ( ) Brent Crude ( ) Natural Gas ( ) S&P 500 ( ) PHLX Oil ( )
 January 29, 2016 - 7:12 PM EST
Print Email Article Font Down Font Up
Direct Energy Regulated Services Announces Electric Rates for February 2016

Direct Energy Regulated Services Announces Electric Rates for February 2016

Canada NewsWire

HOUSTON, Jan. 29, 2016 /CNW/ -- Direct Energy Regulated Services (DERS) has announced default electric rates for February 2016. The Regulated Rate Option (RRO) sets the rate per kilowatt hour that regulated customers pay for electric energy in the ATCO Electric service territory. The rates are adjusted each month to reflect the price that DERS pays to buy energy on behalf of customers. The method DERS uses to set the RRO rates have been verified and approved by the Alberta Utilities Commission.

Direct Energy Logo.

Depending on the rate class, the energy rate for February is approximately 8% lower than the energy rate charged last month, except the Lighting rate class which is approximately 9% lower. A typical residential customer consuming 600 kWh per month would see approximately a $3 or 2% decrease in the total amount of their bill compared to last month.

Rate Class

February Rate (cents/kWh)

Residential

4.461

Commercial

4.463

Industrial

4.389

Farm (Includes REA)

4.432

Irrigation

4.432

Oil & Gas

4.373

Lighting

3.754

Further information on regulated rate option and a complete list of competitive retailers can be found on the Alberta government's customer choice website at: www.ucahelps.gov.ab.ca.

Logo - http://photos.prnewswire.com/prnh/20121004/MM87276LOGO

 

SOURCE Direct Energy

Jessica Michan, Manager, External Relations, Direct Energy Regulated Services, 713-904-7455, Jessica.Michan@directenergy.com, http://www.directenergy.comCopyright CNW Group 2016


Source: Canada Newswire (January 29, 2016 - 7:12 PM EST)

News by QuoteMedia
www.quotemedia.com