Direct Energy Regulated Services Announces Electric Rates for July 2022

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CALGARY, AB, July 1, 2022 /CNW/ – Direct Energy Regulated Services (DERS) has announced default electric rates for July 2022. 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.

The energy rate for July is approximately 31% higher than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $23.73 or 10% increase in the total amount of their bill compared to last month.

Rate Class

Market Cost of Electricity (cents/kWh)

Residential

14.393

Commercial

14.383

Industrial

14.076

Farm (Includes REA)

14.367

Irrigation

13.896

Oil & Gas

14.070

Lighting

10.957

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 Marketing Limited

Direct Energy Regulated Services Announces Electric Rates for July 2022 WeeklyReviewer

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