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Wood Buffalo studies a local power utility to cut high electricity costs, with residential rates over $1,100 annually in Fort McMurray.
The Regional Municipality of Wood Buffalo is studying the feasibility of creating a municipally owned power utility to address high electricity costs, with residential distribution charges in Fort McMurray exceeding $1,100 annually—far above Calgary’s $330.
Councillor Don Scott cited disparities for businesses and skepticism about provincial rate equalization, noting other similar municipalities are pursuing local utilities.
The study, expected in six months, will assess costs, benefits, governance, and regulatory impacts, focusing on distribution administration rather than new infrastructure.
Business leaders support the move, citing potential for lower rates and economic growth.
Wood Buffalo estudia un servicio de energía local para reducir los altos costos de electricidad, con tarifas residenciales de más de $ 1,100 anuales en Fort McMurray.