Direct Energy Regulated Services Announces Electric Rates for May 2024
CALGARY, Alberta, April 30, 2024 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for May 2024. 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 has been verified and approved by the Alberta Utilities Commission.
The energy rate for May is approximately 25% lower than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $19.46 or 5% decrease in the total amount of their bill compared to last month.
| Rate Class | Market Cost of Electricity (cents/kWh) | Recovery Charge (cents/kWh) | Price of Electricity Including Recovery Charge (cents/kWh) | |
| Residential | 7.655 | 3.146 | 10.801 | |
| Commercial | 7.602 | 2.977 | 10.579 | |
| Industrial | 7.404 | 2.081 | 9.485 | |
| Farm | 7.588 | 4.898 | 12.486 | |
| Irrigation | 7.303 | 0.000 | 7.303 | |
| Oil & Gas | 7.357 | 6.265 | 13.622 | |
| Lighting | 5.245 | 3.162 | 8.407 | |
| Farm - REA | ||||
| Beaver REA | 7.588 | 4.662 | 12.250 | |
| Borradaile REA | 7.588 | 4.821 | 12.409 | |
| Braes REA | 7.588 | 4.414 | 12.002 | |
| Claysmore REA | 7.588 | 5.708 | 13.296 | |
| Devonia REA | 7.588 | 4.391 | 11.979 | |
| Heart River REA | 7.588 | 3.246 | 10.834 | |
| Kneehill REA | 7.588 | 4.507 | 12.095 | |
| Mackenzie REA | 7.588 | 3.723 | 11.311 | |
| Myrnam REA | 7.588 | 3.991 | 11.579 | |
| Zawale REA | 7.588 | 3.091 | 10.679 | |
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