Direct Energy Regulated Services Announces Electric Rates for October 2024

CALGARY, Alberta, Sept. 30, 2024 (GLOBE NEWSWIRE) — Direct Energy Regulated Services (DERS) has announced default electric rates for October 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 have been verified and approved by the Alberta Utilities Commission.

The energy rate for October is approximately 9% lower than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $1.98 or 1% 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		7.052	3.340	10.392
Commercial		6.992	3.206	10.198
Industrial		6.871	1.991	8.862
Farm		7.002	5.063	12.065
Irrigation		6.786	0.000	6.786
Oil & Gas		6.867	2.491	9.358
Lighting		6.115	1.953	8.068
Farm – REA
	Beaver REA	7.002	4.508	11.510
	Borradaile REA	7.002	4.133	11.135
	Braes REA	7.002	4.802	11.804
	Claysmore REA	7.002	6.010	13.012
	Devonia REA	7.002	3.639	10.641
	Heart River REA	7.002	3.862	10.864
	Kneehill REA	7.002	4.467	11.469
	Mackenzie REA	7.002	4.248	11.250
	Myrnam REA	7.002	4.338	11.340
	Zawale REA	7.002	4.339	11.341

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