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Under the electricity price cap that had regulated electricity rates introduced by the NDP, consumers who had the regulated rate option (RRO) with the regulated rate option (RRO) paid a maximum of 6.8 cents per kWh. [5] Since 2018, electricity rates in Alberta have been steadily climbing. [5]
The Alberta Energy Regulator (AER) is a quasi-judicial, independent agency regulating the development of energy resources in Alberta. Headquartered in Calgary, Alberta, the AER's mandate under the Responsible Energy Development Act (REDA) is "to provide for the efficient, safe, orderly and environmentally responsible development of energy resources and mineral resources in Alberta.” [1]
In July 2006 the Province of Alberta introduced new provincial regulations that meant that the Regulated Rate Option (RRO) for Calgary would fluctuate monthly. [11] "Prices change with the energy market, depending on changing weather, seasonal consumption demands and fuel costs such as natural gas prices.
As Associate Minister of Natural Gas and Electricity, he sponsored the Utility Commodity Rebate Act, which gave $50 energy rebates to more than 1.9 million households, farms and businesses. [5] It also enabled the Alberta government to provide a natural gas rebate if regulated natural gas rates exceed $6.50 per gigajoule in the future. [9]
Alberta collected $2 billion in oil sands royalties in the post-2009 period with the new rate of 20%. [5] The Alberta government announced on March 11, 2010, that royalty rates effective in January 2011, would be rolled back cutting the maximum rate for conventional oil from 50% to 40% of revenues and cutting the maximum rate for natural gas ...
It regulated the safe, responsible, and efficient development of Alberta's energy resources: oil, natural gas, oil sands, coal, and pipelines. Led by eight Board members, the ERCB's team of engineers , geologists , technicians , economists , and other professionals served Albertans from thirteen locations across the province.
The maximum royalty rate for conventional and unconventional natural gas will be reduced at higher price levels from 50 to 36 per cent. In 2010 the oil and gas industry accounted for 30 percent of Alberta's GDP and 147,000 direct jobs.
Natural gas was Canada's third largest source of energy production in 2018, representing 22.3% of all energy produced from fuels in the country. By contrast, the share of fuel-based energy production from natural gas in 2013 was 17.0%, indicating a growth rate of approximately 1.06% per year.