Alberta's government introduces legislation to stabilize electricity rates, renaming RRO to ROLR and requiring providers to confirm customers' preferences for competitive or default rates.
Alberta's government is introducing new legislation to stabilize electricity rates, setting default electricity rates for each provider every two years to reduce price volatility. The Regulated Rate Option (RRO) will be renamed to the Rate of Last Resort (ROLR) to improve consumer understanding and encourage them to explore more cost-effective options. The government also plans to require providers to confirm with customers whether they want to sign on to a competitive rate or stay with the default, and to remind them of their options on their monthly bills.
April 18, 2024
29 Articles