Direct Energy Regulated Services Announces Electric Rates for July 2024

/EIN News/ -- CALGARY, Alberta, July 03, 2024 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for July 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 July is approximately 7% higher than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $9.60 or 3% increase 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		9.175	3.070	12.245
Commercial		9.155	2.986	12.141
Industrial		8.884	2.030	10.914
Farm		9.133	5.788	14.921
Irrigation		8.771	0.000	8.771
Oil & Gas		8.827	11.727	20.554
Lighting		6.072	3.332	9.404
Farm - REA
	Beaver REA	9.133	5.273	14.406
	Borradaile REA	9.133	4.903	14.036
	Braes REA	9.133	5.016	14.149
	Claysmore REA	9.133	6.853	15.986
	Devonia REA	9.133	4.857	13.990
	Heart River REA	9.133	3.794	12.927
	Kneehill REA	9.133	5.122	14.255
	Mackenzie REA	9.133	4.280	13.413
	Myrnam REA	9.133	4.614	13.747
	Zawale REA	9.133	4.016	13.149

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