The Alberta government has appointed an independent committee to review the province’s electricity retail market to address the volatility and costs associated with the rate in Alberta’s market.
“Albertans pay, on average, about the same for electricity as people in most other provinces,” Minister of Energy Ted Morton said Thursday. “However, our prices do fluctuate from month-to-month for those who are not on a fixed-rate contract, and sometimes quite significantly. We recognize the volatility of the variable rate is a concern for many families, and it is a concern for government.”
The four-person committee will examine how the default rate is calculated, and determine how to reduce price fluctuations, as well as if a default rate is needed and the all-in cost of electricity.
They will also look at how charges other than energy use are determined and approved for payment.