CALGARY, Alberta, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services (DERS) has announced default electric rates for November 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 November is approximately 1% higher than the energy rate charged last month. A typical residential customer consuming 600 kWh per month would see approximately a $4.29 or 1% decrease in the total amount of their bill compared to last month.

Market Cost of Electricity   Recovery Charge     Price of Electricity Including

(cents/kWh)

Residential                                      7.448                             3.007                                10.455

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Commercial                                     7.381                             2.891                                10.272

Industrial                                          7.227                             1.798                                 9.025

Farm                                                7.363                             4.149                                11.512

Irrigation                                          7.111                             0.000                                 7.111

Oil & Gas                                        7.218                             1.693                                 8.911

Lighting                                            6.486                             1.772                                 8.258

Farm - REA

Beaver REA                              7.363                             3.975                                11.338

Borradaile REA                         7.363                             3.559                                10.922

Braes REA                                7.363                             4.047                                11.410

Claysmore REA                        7.363                             4.838                                12.201

Devonia REA                            7.363                             2.678                                10.041

Heart River REA                       7.363                             3.387                                10.750

Kneehill REA                            7.363                             3.717                                11.080

Mackenzie REA                        7.363                             3.756                                11.119

Myrnam REA                          7.363                          3.875                             11.238

Zawale REA                            7.363                          4.087                             11.450

CONTACT: Estefania Joy

Direct Energy Regulated Services

832-588-3634

[email protected]