Direct Energy Regulated Services Announces Natural Gas Rates for July 2016

CALGARY, Alberta, June 30, 2016 /CNW/ -- Direct Energy Regulated Services has announced default natural gas rates for July 2016. 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 July regulated natural gas rate is increasing from the June rate of $1.374 per GJ to $1.631 per GJ.
• This rate reflects a market price for July supplies of approximately $1.866 per GJ as reported by the NGX, and incorporates an adjustment of $-0.236 per GJ for June and prior months.
• The typical residential gas bill for July based on an average 2 GJ of consumption would be approximately $52 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 July regulated natural gas rate is increasing from the June rate of $1.374 per GJ to $1.631 per GJ.
• This rate reflects a market price for July supplies of approximately $1.866 per GJ as reported by the NGX, and incorporates an adjustment of $-0.236 per GJ for June and prior months.
• The typical residential gas bill for July based on an average 2 GJ of consumption would be approximately $47 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

Wendy Tynan, Manager, Public Affairs - Canada, Direct Energy Regulated Services, 403-776-2206, [email protected], http://www.directenergy.com