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By November 2022, Direct Energy's residential monthly regulated rate option (RRO) increased to 17.597 cents/kWh from 10.483 cents in November 2021, while the Enmax RRO increased 10.66 to 18.245 cents from the same time period. [14] Prices reach record highs in December with predictions of even higher prices in early 2023. [16]
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]
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.
After consumers complained about high prices in 2000, the government implemented a Regulated Rate Option (RRO), as a means to shield consumers from price volatility. [2] The generation sector in Alberta is dominated by TransAlta, ENMAX, and Capital Power Corporation, a spin-off of Edmonton's municipally owned company EPCOR.
In March 2022, the Alberta government announced it would suspend the collection of the fuel tax starting April 1, as a way to fight the rising cost of fuel. [19] In December 2023, the Alberta government announced that with lower oil prices, the fuel tax would be phased back in after Dec. 31, 2023. [20]
The Canadian province of Alberta, home to the world’s third-largest oil reserves, said on Monday it will accelerate a corporate tax cut and invest C$10 billion ($7.31 billion) in infrastructure ...
The Energy and Utilities Board (EUB) was the governing body of the energy industry in the province of Alberta, Canada.Previously known as the Alberta Energy and Utilities Board (AEUB), the EUB was reorganized on 1 January 2008 into two separate regulatory bodies: the Energy Resources Conservation Board (ERCB), which regulates the oil and gas industry (later reorganized as Alberta Energy ...
The current prime rate is 5.50%, up from 4.75% in June. It went into effect July 28, 2022. This is the fourth time in 2022 that the Federal Reserve has increased the prime rate.