June 29, 2018 - 12:01 PM EDT
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Direct Energy Regulated Services Announces Electric Rates for July 2018

Canada NewsWire

CALGARY, June 29, 2018 /CNW/ - Direct Energy Regulated Services (DERS) has announced default electric rates for July 2018. 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 Regulated Services (CNW Group/Direct Energy Regulated Services)

The energy rate for July is approximately 7% higher than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $4.70 or 3% increase in the total amount of their bill compared to last month.

Rate Class

Market Cost of
Electricity
(cents/kWh)

Price of
Electricity After
Rate Cap 
(cents/kWh)*

Residential

7.826

6.8

Commercial

7.844

6.8

Industrial

7.564

6.8

Farm (Includes REA)

7.813

6.8

Irrigation

7.425

6.8

Oil & Gas

7.501

6.8

Lighting

4.385

4.385

*The Government of Alberta's Rate Cap Regulation limits the rate charged by Direct Energy Regulated Services to customers for electricity at $0.068 / MWh for the period starting June 1, 2017 and ending May 31, 2021.

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.

SOURCE Direct Energy Regulated Services

View original content with multimedia: http://www.newswire.ca/en/releases/archive/June2018/29/c7424.html

Wendy Tynan, Manager, Public Affairs, Direct Energy Regulated Services 403-776-2206, [email protected] CNW Group 2018


Source: Canada Newswire (June 29, 2018 - 12:01 PM EDT)

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