Alberta government announces plan to protect consumers from power price swings
April 18, 2024
The Alberta government is proposing measures, to take effect in January, that aim to protect power consumers from wild price swings.Premier Danielle Smith says the default power rate – currently called the Regulated Rate Option – is misleadingly named because it can vary monthly according to weather and global events.She says her United Conservative Party government aims to introduce legislation this spring renaming it the Rate of Last Resort so consumers can better understand what they’ve signed up for.
Unpublished Newswire
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