Direct Energy Regulated Services Announces Electric Rates for November 2023

CALGARY, Alberta, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for November 2023. 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 November is approximately 3% lower than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $6.47 or 2% 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		17.735	2.101	19.836
Commercial		17.549	2.206	19.755
Industrial		17.115	1.973	19.088
Farm		17.497	2.245	19.742
Irrigation		16.828	-0.060	16.768
Oil & Gas		17.073	2.644	19.717
Lighting		15.002	1.391	16.393
Farm - REA
	Beaver REA	17.497	2.101	19.598
	Borradaile REA	17.497	3.197	20.694
	Braes REA	17.497	2.271	19.768
	Claysmore REA	17.497	2.808	20.305
	Devonia REA	17.497	2.638	20.135
	Heart River REA	17.497	1.523	19.020
	Kneehill REA	17.497	2.196	19.693
	Mackenzie REA	17.497	1.819	19.316
	Myrnam REA	17.497	1.622	19.119
	Zawale REA	17.497	1.339	18.836

Estefania Joy
Direct Energy Regulated Services
832-588-3634
news@directenergy.com

Market News and Data brought to you by Benzinga APIs