July 29, 2016 - 5:32 PM EDT
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Direct Energy Regulated Services Announces Natural Gas Rates for August 2016

Direct Energy Regulated Services Announces Natural Gas Rates for August 2016

Canada NewsWire

CALGARY, Alberta, July 29, 2016 /CNW/ -- Direct Energy Regulated Services has announced default natural gas rates for August 2016. These rates will apply to customers who have not chosen a competitive supplier within the ATCO Gas North and South service territories. The rates have been verified by the Alberta Utilities Commission.

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North Service Territory
The North territory includes customers living in and north of the City of Red Deer.

  • For customers in the ATCO Gas North service territory, the August regulated natural gas rate is increasing from the July rate of $1.631 per GJ to $2.364 per GJ.
  • This rate reflects a market price for August supplies of approximately $2.174 per GJ as reported by the NGX, and incorporates an adjustment of $0.189 per GJ for July and prior months.
  • The typical residential gas bill for August based on an average 2 GJ of consumption would be approximately $55 in the North.

South Service Territory
The South territory includes customers living south of the City of Red Deer.

  • For customers in the ATCO Gas South service territory, the August regulated natural gas rate is increasing from the July rate of $1.374 per GJ to $2.364 per GJ.  
  • This rate reflects a market price for August supplies of approximately $2.174 per GJ as reported by the NGX, and incorporates an adjustment of $0.189 per GJ for July and prior months.
  • The typical residential gas bill for August based on an average 2 GJ of consumption would be approximately $50 in the South.

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

Contact:
Wendy Tynan
Manager, Public Affairs
Direct Energy Regulated Services
403-776-2206
[email protected]

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SOURCE Direct Energy

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Source: Canada Newswire (July 29, 2016 - 5:32 PM EDT)

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