Direct Energy Regulated Services Announces Natural Gas Rates for August 2015

HOUSTON, July 31, 2015 /CNW/ -- Direct Energy Regulated Services has announced default natural gas rates for August 2015. These rates will apply to customers who have not chosen a competitive supplier within the ATCO Gas North and South service territories. The rates have been verified by the Alberta Utilities Commission.

North Service Territory
The North territory includes customers living in and north of the City of Red Deer.

• For customers in the ATCO Gas North service territory, the August regulated natural gas rate is increasing from the July rate of $1.822 per GJ to $3.204 per GJ.
• This rate reflects a market price for August supplies of approximately $2.726 per GJ as reported by the NGX, and incorporates an adjustment of $0.478 per GJ for July and prior months.
• The typical residential gas bill for August based on an average 2 GJ of consumption would be approximately $55 in the North.

South Service Territory
The South territory includes customers living south of the City of Red Deer.

• For customers in the ATCO Gas South service territory, the August regulated natural gas rate is increasing from the July rate of $2.133 per GJ to $2.445 per GJ.
• This rate reflects a market price for August supplies of approximately $2.726 per GJ as reported by the NGX, and incorporates an adjustment of $(0.281) per GJ for July and prior months.
• The typical residential gas bill for August based on an average 2 GJ of consumption would be approximately $48 in the South.

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

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SOURCE Direct Energy

Jessica Michan, Manager, External Relations, Direct Energy Regulated Services, 713-904-7455, [email protected], http://www.directenergy.com