Direct Energy Regulated Services Announces Electric Rates for October 2016

CALGARY, Alberta, Oct. 6, 2016 /CNW/ -- Direct Energy Regulated Services (DERS) has announced default electric rates for October 2016.  The Regulated Rate Option (RRO) sets the rate per kilowatt hour that regulated customers pay for electric energy in the ATCO Electric service territory.  The rates are adjusted each month to reflect the price that DERS pays to buy energy on behalf of customers.  The method DERS uses to set the RRO rates have been verified and approved by the Alberta Utilities Commission.

Depending on the rate class, the energy rate for October is approximately 12% higher than the energy rate charged last month, except the Lighting rate class which is approximately 18% higher.  A typical residential customer consuming 600 kWh per month would see approximately a $2.90 or 2% increase in the total amount of their bill compared to last month.

Rate Class	October Rate (cents/kWh)
Residential	4.186
Commercial	4.177
Industrial	4.067
Farm (Includes REA)	4.160
Irrigation	4.052
Oil & Gas	4.014
Lighting	3.367

Further information on regulated rate option and a complete list of competitive retailers can be found on the Alberta government's customer choice website at: www.ucahelps.gov.ab.ca.

Logo - http://photos.prnewswire.com/prnh/20121004/MM87276LOGO

SOURCE Direct Energy Regulated Services

Wendy Tynan, Manager, Public Affairs, Direct Energy Regulated Services, 403-776-2206, [email protected]