September 28, 2018 - 12:26 PM EDT
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Direct Energy Regulated Services Announces Electric Rates for October 2018

Canada NewsWire

CALGARY, Sept. 28, 2018 /CNW/ - Direct Energy Regulated Services (DERS) has announced default electric rates for October 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.

Direct Energy Regulated Services (CNW Group/Direct Energy Regulated Services)

The method DERS uses to set the RRO rates have been verified and approved by the Alberta Utilities Commission.

The energy rate for October is approximately 0% lower than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $1.86 or 1% 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

7.031

6.800

Commercial

6.987

6.800

Industrial

6.825

6.800

Farm (Includes REA)

7.006

6.800

Irrigation

6.708

6.708

Oil & Gas

6.753

6.753

Lighting

5.620

5.620

 

*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 to download multimedia: http://www.newswire.ca/en/releases/archive/September2018/28/c6680.html

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


Source: Canada Newswire (September 28, 2018 - 12:26 PM EDT)

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