Alberta government introduces 'Rate of Last Resort' to reduce electricity price spikes

Alberta Government pledges relief from soaring electricity prices with new legislation...
“Albertans should not dread opening their bill each month. Unpredictable power costs make it hard for families to plan their household budgets and we simply cannot allow confusion about electricity billing to cause Albertans financial hardship. We promised we would address rising unaffordability in utility bills and we’re taking the first steps to do just that, with more to come.” ~ Danielle Smith, Premier of Alberta...
About 29% of residential customers, 32% of eligible commercial customers, and 46% of farm customers currently utilize the default electricity rate.
“Consumers benefit when they better understand the products and services they are purchasing. Proposed changes would provide more clarity to electricity consumers and will encourage them to explore their retail energy options to find the services that best meet their household’s or business’ needs.” ~ Chris Hunt, Utilities Consumer Advocate...
The Alberta Utilities Commission estimated the average household uses 600 kilowatt hours of electricity per month. When these numbers are combined, that means average electricity bills would be $66 per month instead of $132 per month... READ MORE: https://westernstandard.news/alberta/alberta-government-introduces-rate-of-last-resort-to-reduce-electricity-price-spikes-and-add-more-certainty-about-future-costs/53930