Premier Danielle Smith says the default power rate – currently called the Regulated Rate Option – is misleadingly named because it can vary monthly according to weather and global events
The Alberta government is proposing measures, to take effect in January, that aim to protect power consumers from wild price swings.
“We think this will send the right message to Albertans that this is the rate to sign up for only when there are no other options available, because everyone in our province could use some clarity and certainty about costs right now,” she said. Neudorf said the new rules are meant to protect those who aren’t able to move off the Regulated Rate Option because their location or poor credit scores mean they can’t qualify for competitive rates.
New Democrat Opposition Leader Rachel Notley told reporters later Thursday the UCP is still “bumbling around” trying to fix the problem it created when it scrapped the electricity price cap in 2019. She said a decreasing number of customers who have no choice but to stay on the regulated rate option will be left repaying larger shares of the cost of a temporary price cap put in place by the UCP last year.
“We don’t anticipate it impacting them negatively. We’re still on target to have that repayment come off at the end of this year,” he said.
Province Price Summer Neudorf Government Smith Option Rachel Notley Alberta Danielle Smith
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