Direct Energy Regulated Services Announces Electric Rates for October 2022

CALGARY, Alberta, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for October 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 October is approximately 19% higher than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $23.56 or 9% increase in the total amount of their bill compared to last month.

Rate Class

Market Cost of Electricity (cents/kWh)

Residential

18.190

Commercial

17.980

Industrial

17.616

Farm (Includes REA)

18.030

Irrigation

17.380

Oil & Gas

17.592

Lighting

15.183

 

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 .

CONTACT: Estefania Joy Direct Energy Regulated Services 832-588-3634 news@directenergy.com