Direct Energy Regulated Services Announces Electric Rates for August 2024

/EIN News/ -- CALGARY, Alberta, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for August 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 August is approximately 9% higher than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $8.65 or 2% 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		10.055	3.329	13.384
Commercial		9.999	3.129	13.128
Industrial		9.698	2.032	11.730
Farm		10.001	5.844	15.845
Irrigation		9.552	0.000	9.552
Oil & Gas		9.655	3.067	12.722
Lighting		6.843	2.869	9.712
Farm - REA
	Beaver REA	10.001	5.351	15.352
	Borradaile REA	10.001	5.067	15.068
	Braes REA	10.001	5.072	15.073
	Claysmore REA	10.001	6.502	16.503
	Devonia REA	10.001	4.765	14.766
	Heart River REA	10.001	4.000	14.001
	Kneehill REA	10.001	5.061	15.062
	Mackenzie REA	10.001	4.410	14.411
	Myrnam REA	10.001	4.676	14.677
	Zawale REA	10.001	4.154	14.155

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