Cost of energy falls to zero this morning

CALGARY, Feb. 19, 2015 /CNW/ - With wholesale electricity prices at a 15-year low, consumers in Alberta can benefit by switching to a floating rate with boutique retailers in Alberta. Wholesale prices are bouncing off the floor today and actually hit zero this morning a couple of times. This means significant savings for consumers.

Consumers who want to save money can move off the regulated fixed rates offered by ENMAX, DIRECT ENERGY and EPCOR and choose deregulated floating rate plans offered by boutique retailers across the province.  While major retailers charge fixed rates over 7 cents/kWh, smaller retailers with these floating rates can reduce rates to as low as 4 cents/kWh.

A complete list of retailers in Alberta is available on www.ElectricityShop.ca. For data from AESO (Alberta Electric Systems Operator) showing current pricing, click here:  http://ets.aeso.ca/

The Utility Network is a private cooperative network of independent retailers who are using UTILITYnet's data center as a centralized back-office data and invoice-processing hub.     

SOURCE Utility Network and Partners

Image with caption: "Alberta Power Pool Price, Source: http://ets.aeso.ca/ (CNW Group/Utility Network and Partners)". Image available at: http://photos.newswire.ca/images/download/20150219_C4196_PHOTO_EN_12361.jpg

Image with caption: "Sample Rates from RRO (Regulated Rate Option) providers in cents per kWh compared to E.NRG Power, one of Alberta’s independent boutique retailers Website: www.enrgpower.ca. Source: http://ucahelps.alberta.ca/, http://ucahelps.alberta.ca/documents/20150201_Rates.pdf (CNW Group/Utility Network and Partners)". Image available at: http://photos.newswire.ca/images/download/20150219_C4196_PHOTO_EN_12362.jpg

Nick Clark, Managing Partner, Utility Network & Partners Inc., 1316 9th Ave SE, Calgary, AB, [phone] local 200, [email protected], www.SpotPower.net, www.UTILITYnet.net; Public Relations Support: Jacqueline Drew, Tenato Strategy Inc., 1229A - 9 Ave SE, Calgary, AB, [email protected], [phone], www.tenato.com