Direct Energy Regulated Services Announces Electric Rates for November 2019

CALGARY, Nov. 4, 2019 /CNW/ - Direct Energy Regulated Services (DERS) has announced default electric rates for November 2019. 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 November is the same as the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $0.95 decrease in the total amount of their bill compared to last month.

Rate Class	Market Cost of Electricity	Price of Electricity After Rate Cap (Cents/kWh)*
Residential	7.687	6.800
Commercial	7.602	6.800
Industrial	7.409	6.800
Farm (Includes REA)	7.591	6.800
Irrigation	7.307	6.800
Oil & Gas	7.374	6.800
Lighting	6.480	6.480

*The Government of Alberta's Rate Cap Regulation limits the rate charged by Direct Energy Regulated Services to customers for electricity at $0.068 / kWh for the period starting June 1, 2017 and ending November 30, 2019.

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

Nicole Black, Senior Manager, Government and Regulatory Affairs, Direct Energy Regulated Services, 403-776-2154, [email protected]