Extreme cold weather hit Alberta from mid to late December, with temperatures as low as -28°C in Calgary and -34°C in Edmonton. These colder-than-average temperatures caused a spike in energy usage and demand, which resulted in higher energy costs for that period.
Thankfully, winter seemed to hit a pause in January when weather patterns flipped from severe to warmer-than-average temperatures throughout Alberta. We experienced relief thanks to milder Pacific air blowing across the province, according to The Weather Network. However, we will be heading back into a deep freeze at the end of January and February. So bundle up; here comes the Alberta winter rollercoaster!
Electricity Prices in Alberta
As part of Alberta’s Affordability Action Plan, a temporary 13.5 ¢/kWh rate cap on the regulated rate option (RRO) for electricity has been introduced from January – March 2023 to protect Albertans from rising electricity costs which have been higher than ever.
In January, the actual monthly RRO for DERS is 26.996 ¢/kWh. The cost difference between the RRO electricity rate and the 13.5¢/kWh cap in January, February and March, will be deferred and spread over the coming months. Learn more about this temporary rate cap.
The Government of Alberta has also extended the monthly electricity rebate until April 2023. In January, a credit of $75 will be automatically applied to your bill if you qualify. View the electricity rebate payment schedule.
If you’re looking for longer-term rate stability, competitive providers like our sister company, Direct Energy, can provide you with fixed prices with no early exit fees, bundled rates, green energy, and other promotions.*
Download historical electricity rates
Natural Gas Prices in Alberta
The January natural gas rate increased by 5%, from $6.14/GJ in December to $6.446/GJ. Since January's highest default natural gas rate is below $6.50/GJ, the natural gas rebate wasn’t triggered this month. However, price protection from the natural gas rebate is still in place till March 2023.
If the natural gas regulated rate increases above $6.50/GJ, the government will provide an automatic rebate covering the difference in what's been consumed. Find out how it works.
Download historical natural gas rates
*Customers are free to purchase natural gas services or electricity services from a retailer of their choice. For a list of retailers, visit ucahelps.alberta.ca or call 310-4822 (toll-free in Alberta).