Direct Energy Regulated Services Announces Electric Rates for May 2024

/EIN News/ -- CALGARY, Alberta, April 30, 2024 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for May 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 May is approximately 25% lower than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $19.46 or 5% decrease 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		7.655	3.146	10.801
Commercial		7.602	2.977	10.579
Industrial		7.404	2.081	9.485
Farm		7.588	4.898	12.486
Irrigation		7.303	0.000	7.303
Oil & Gas		7.357	6.265	13.622
Lighting		5.245	3.162	8.407
Farm - REA
	Beaver REA	7.588	4.662	12.250
	Borradaile REA	7.588	4.821	12.409
	Braes REA	7.588	4.414	12.002
	Claysmore REA	7.588	5.708	13.296
	Devonia REA	7.588	4.391	11.979
	Heart River REA	7.588	3.246	10.834
	Kneehill REA	7.588	4.507	12.095
	Mackenzie REA	7.588	3.723	11.311
	Myrnam REA	7.588	3.991	11.579
	Zawale REA	7.588	3.091	10.679

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