Direct Energy Regulated Services Announces Electric Rates for August 2022

CALGARY, AB, July 26, 2022 /CNW/ - Direct Energy Regulated Services (DERS) has announced default electric rates for August 2022. 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 have been verified and approved by the Alberta Utilities Commission.

The energy rate for August is approximately 17% higher than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $11.74 or 4% increase in the total amount of their bill compared to last month.

Rate Class	Market Cost of Electricity (cents/kWh)
Residential	16.879
Commercial	16.837
Industrial	16.583
Farm (Includes REA)	16.868
Irrigation	16.404
Oil & Gas	16.625
Lighting	14.190

Further information on regulated rate option and a complete list of competitive retailers can be found on the Alberta government's customer choice website at: www.ucahelps.gov.ab.ca .

SOURCE Direct Energy Regulated Services

Estefania Joy, Direct Energy, Communications Specialist, Cell: 1-832-588-3634, [email protected]