Direct Energy Regulated Services Announces Electric Rates for April 2024

/EIN News/ -- CALGARY, Alberta, March 28, 2024 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for April 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 April is approximately 8% higher than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $0.63 or 0% 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		11.458	2.999	14.457
Commercial		11.343	2.897	14.240
Industrial		11.073	2.035	13.108
Farm		11.326	4.018	15.344
Irrigation		10.949	0.000	10.949
Oil & Gas		11.013	6.687	17.700
Lighting		8.367	2.531	10.898
Farm - REA
	Beaver REA	11.326	3.950	15.276
	Borradaile REA	11.326	4.305	15.631
	Braes REA	11.326	3.757	15.083
	Claysmore REA	11.326	4.863	16.189
	Devonia REA	11.326	3.781	15.107
	Heart River REA	11.326	2.674	14.000
	Kneehill REA	11.326	3.767	15.093
	Mackenzie REA	11.326	3.133	14.459
	Myrnam REA	11.326	3.338	14.664
	Zawale REA	11.326	2.647	13.973

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