AuthorKris Kasawski

HomeHomeArticles Posted by Kris Kasawski (Page 5)

Alberta’s Electricity Prices Reach Surprising Low

Alberta’s Electricity Prices Reach Surprising Low

Alberta’s residents enjoyed shockingly low electricity prices in 2017, the cheapest in at least 20 years. According to researchers, electricity prices have not been this low in Alberta since 1997.   

While Alberta electricity consumers are benefitting with choices of low usage rates, this isn’t necessarily good news for electricity generation companies.  Growth in demand for power from the grid slowed down while new generation facilities came online to help supply outweigh demand which was reflected in the market with decreased pricing.  Prices did slightly climb through the last 6 months of 2017 and are likely to climb still higher throughout 2018.

 

Alberta’s Electricity Costs Compared

According some data put out by Hydro Quebec, the cost to power the average Alberta home is about $145 per month.  Contrasted with the rest of Canada, Albertans are benefiting from the 2017 low market prices. Quebec residents averaged the lowest at $100 per month and Prince Edward Island averaged the highest at $230 per month.

 

Canadian residents, however, have some of the lowest electric bills anywhere in the world, and the average Canadian resident pays less for electricity than the average American household. In fact, according to 2017 data only India, China, South Africa, Brazil, and Czech Republic pay less for electricity than Canada.

 

Alberta Enacts Carbon Tax

As of January 1, 2017, Alberta enacted a carbon tax on consumable carbon based fuels based on a price $20 per tonne of carbon dioxide emitted,  a number that will rise to $30 per tonne in January 1, 2018.  While the carbon tax is not directly applied to consumers’ electricity bills, it will be factored into the wholesale cost for electricity since currently around 90% of electricity in Alberta is generated by burning coal and natural gas (both of which the carbon tax applies to).

The market conditions in 2017 has allowed Alberta’s electricity price to reach record lows and consumers on a Variable Rate have benefited from low relatively stable pricing.  Unfortunately wholesale pricing forecasts are starting to trend upwards as demand starts to increase and the effects of coal phase out will begin to take place.

With upward pricing in mind, as we head into 2018, it would be good for Alberta consumers to consider putting themselves onto a Fixed Rate Plan to protect themselves from the upward trends and any volatility that may come with the changing marketplace.  Remember with Park Power you are never locked in and can cancel or change rates for free at any time.

 

 

 

 

 

See You at the Keep It Local Marketplace this Fall

Do you want to eat, shop, and connect with local businesses in our community? Want to get a head start on Christmas shopping?

Don’t miss the Keep It Local Marketplace at Sherwood Park!

 

Keep It Local Marketplace is a variety of unique vendors, stage entertainment, and good food, and Park Power is a proud Gold Sponsor of this event on November 4th.

 

The Keep It Local Marketplace will feature more than 60 vendors showcasing local business and community resources – including family and parenting related items, jewelry, fashion and home products, and specialized services that we are always on the lookout for!

 

Bring the whole family! Sunshine Generation, a performing group that teaches song and dance to children ages 3 and up, will perform TWICE on our stage at Local Love. You do not want to miss watching these talented performers with your kids!

 

And there will also be a performance by Keltie Monaghan, the 16 year old a singer/songwriter with a unique voice who received a prestigious Canadian Folk Music Award nomination for her first single “Someone Tell Her” in 2016 when she was just 15!

 

Some of your favorite local food vendors like Fuge Fine Meats, Mona’s Kitchen, Steeped Tea, Juice Plus, Choco-liscious, Maza Foods, and Epicure  will also be there!

 

Want to Promote Your Local Business?

 

Vendor registration is still open. Here’s your chance to connect with the community. Click here to apply for the Fall Market.

 

Keep it Local project Trivia

 

While searching for performance venues for her kids, Jenni discovered that Sherwood Park didn’t have a focused event that connected the community to local businesses. With so many great local businesses and agencies in the area, it was an easy decision for Jenni to create an event that would build these connections and support the community.

 

Make sure you don’t miss this fall event! See you on Saturday, November 4, 2017 – 10am to 4pm at in the Agora at the Sherwood Park Community Centre (401 Festival Lane).

 

The best part? Admission is FREE!

 

Park Power Sponsors Saffron Centre Consent Event Walk & Fun Run

Park Power is very proud to be a sponsor of the Saffron Centre Consent Event Walk & Fun Run 2017.

Happening Saturday May 27, 2017 at Broadmoor Lake in Sherwood Park, this event is an annual fundraiser that supports the Saffron Centre in their mission of working to support the healing and empowerment of those who have been affected by sexual assault, abuse and sexual violence; and to promote change in attitudes, beliefs and social norms surrounding this issue.

 

 

 

 

 

 

 

 

 

With May being Sexual Violence Awareness Month the Consent Event is a great opportunity to come out and show your community that you care.  To show that you want to make a difference in the lives of those affected by sexual assault and violence.  Please come out and join Park Power to support this great organization.