Weather Conditions in Alberta
It’s starting to feel a lot like spring! Warmer weather and longer sunny days have finally arrived in Alberta with double-digit warm days throughout the month. In spring and summer, your natural gas consumption should decrease significantly due to lower heating requirements. However, if you have AC at home, as we hit temperatures above 20°C, you will start to notice an increase in your electricity bill due to higher energy usage for cooling your home.
Did you know that the transmission and distribution charges on your energy bill are affected by weather changes too? Learn more about the transmission and distribution fees and how it works.
Natural Gas Prices in Alberta
Direct Energy Regulated Services’ natural gas rate has decreased by 62% since January 2023 to $2.41/GJ in May, which is lower than fixed rate options that are currently available. There’s no better time than now to be on regulated natural gas!
The cost of natural gas has dropped due to lower demand with warmer than usual weather in the winter and now in spring. And best of all, natural gas rates are forecasted to continue to stay low over the next few months. Learn more about the benefits of regulated natural gas and how its price is determined.
Electricity Prices in Alberta
The temporary 13.5 ¢/kWh rate cap on the regulated rate option (RRO) for electricity ended in March. From April 2023 through December 2024, the cost difference between the RRO electricity rate from January - March 2023 and the 13.5¢/kWh cap will be added to the current RRO to help recover costs over the next 21 months.
Direct Energy Regulated Services’ electricity rate in May is 16.779 cents/kWh which is a 67% increase from what the rate was a year ago. The RRO continues to be much higher than previous years.
If you’re looking for longer term rate stability, competitive providers like our affiliate, Direct Energy, can provide you with fixed prices with no early exit fees, bundled rates, green energy, and other promotions.*