Direct Energy Regulated Services Announces Electric Rates for February 2024

CALGARY, Alberta, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for February 2024. 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 has been verified and approved by the Alberta Utilities Commission.

The energy rate for February is approximately 7% lower than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $17.74 or 4% decrease in the total amount of their bill compared to last month.

Rate Class		Market Cost of Electricity(cents/kWh)	Recovery Charge(cents/kWh)	Price of Electricity Including Recovery Charge (cents/kWh)
Residential		15.688	2.249	17.937
Commercial		15.595	2.220	17.815
Industrial		15.237	1.822	17.059
Farm		15.484	2.500	17.984
Irrigation		15.030	0.000	15.030
Oil & Gas		15.168	4.435	19.603
Lighting		12.979	1.762	14.741
Farm - REA
	Beaver REA	15.484	2.462	17.946
	Borradaile REA	15.484	3.174	18.658
	Braes REA	15.484	2.401	17.885
	Claysmore REA	15.484	3.496	18.980
	Devonia REA	15.484	2.583	18.067
	Heart River REA	15.484	1.761	17.245
	Kneehill REA	15.484	2.527	18.011
	Mackenzie REA	15.484	2.066	17.550
	Myrnam REA	15.484	2.098	17.582
	Zawale REA	15.484	1.754	17.238

Estefania Joy
Direct Energy Regulated Services
832-588-3634
[email protected]

Source: Direct Energy Regulated Services

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