If you pay your electricity bill to EPCOR, Enmax, or Direct Energy Regulated Services and you are paying the Regulated Rate Option (RRO), you’ll be paying more for your electricity in 2020 than you have to.
The RRO is the rate choice for nearly half of Alberta electricity customers. It is a market based rate that moves up and down with the wholesale electricity price. Up until November of 2019 there was a rate cap in place of 6.8 cents/kWh but now that rate cap is gone and RRO customers are exposed to the volatility of electricity pricing once again.
As you can see from the image above, with rate cap removed Albertans on the RRO are paying higher rates for electricity than they were for all of 2019. January’s EPCOR RRO Rate is 23% higher than the capped rate. The current RRO rates (and all the actual RRO rates for 2019) are all higher than Fixed Rate options available on the market from competitive, non-RRO providers.
So, if you are paying your electricity bill to EPCOR, or Enmax, or Direct Energy Regulated Services, it’s time to switch off the volatile RRO and switch onto a Fixed Rate Plan.
Many of the Fixed Rates for electricity available to consumers in Alberta are all lower than the RRO and come with the peace of mind that the rates on your electricity bill won’t jump up when market forces cause the wholesale price to jump up.
So as we enter 2020, why not indulge that resolution to be smarter with your spending and get off the RRO for your electricity bills and onto a great rate from Park Power? You can save yourself some money on your electricity bills while also being able to get your electricity and and natural gas from the same provider.
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