Alberta Electricity Rates
Fixed Electricity Rates
Consumers who choose a fixed electricity rate will pay the same price per kilowatt hour (kWh) regardless of what the actual market price is. This is a highly-attractive option because floating electricity prices in Alberta have been extremely high. A customer not locked in to an electricity plan is subject to large price swings and will receive unusually high bills without notice.
Regulated Energy Rates in Alberta
In each area there is a designated provider for electricity and they are called the regulated provider. Many people also refer to them as the default provider. It means that if you do not choose a provider for electricity at your residence you will start getting billed by the default provider. The rates the default provider charges are determined by the market prices and government regulators. Unfortunately, a large part of Alberta is serviced by large corporations that have their head offices overseas. Customer care complaints are very common and people report getting their electricity service disconnected over billing errors. The customer then has to pay for the service to be reconnected. Additionally, the default provider for electricity is almost never able to provide natural gas, so customers are forced to deal with two providers for their energy services.
Floating Rates (variable rates) - Worst Electricity Option
A floating electricity rate means it is based on the monthly market price of electricity (which fluctuates). The floating electricity prices that competitive rate retailers charge are a combination of the market price of electricity plus a “transaction fee”. The transaction fee is the retailer’s margin.
Due to current market conditions in Alberta all customers are recommended to choose our fixed electricity rate.
Visit our electricity page to see how our rates compare with competitor rates