Alberta introduces new "Rate of Last Resort" to stabilize electricity prices for consumers.

Alberta has introduced a "Rate of Last Resort" (RLR) to reduce electricity price volatility for consumers. This new rate replaces the old default rate and is set every two years, with changes limited to 10% between terms. Experts predict this will slightly increase electricity costs over time. The government will also require rate confirmation every 90 days for RLR customers and encourage them to explore other options.

2 months ago
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