Alberta’s electricity "rate of last resort" is now set at about 12 cents per kilowatt hour until 2027. Power transmission lines are seen with the Rocky Mountains in the background near Pincher Creek, Alta., Thursday, June 6, 2024. (Photo: Canadian Press)
Alberta’s new electricity ‘rate of last resort’ comes into effort, no Medicine Hat application
Jan 2, 2025 | 8:39 AM
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Alberta’s electricity “rate of last resort” starts today, replacing the province’s previous default rate for consumers who don’t have a contract.
The rate is set at about 12 cents per kilowatt hour until 2027.
It’s meant to shield against price spikes, as the previous option fluctuated from month to month.
Retailers must confirm with customers whether they want to sign on to a competitive rate, which can be much lower.
