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Alberta's Default Electricity Rate Change

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electricity market reforms

edmontonjournal

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Business

Business & Economics

'Rate of last resort' will make Alberta electricity rates less volatile but more expensive in the long haul, experts say

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73% Informative

Alberta ’s default electricity rate was replaced by the “rate of last resort” at the beginning of the year .

Experts say it will mean less volatility in the market for consumers, but will make things slightly more expensive in the long haul.

The default rate is designed to be more stable over time, but it's still linked to the market value of electricity.

The rate is set at about 12 cents per kilowatt hour until 2027 .

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