Fixed-rate options are currently higher than regulated rates

CALGARY, Alberta, May 16, 2023 (GLOBE NEWSWIRE) -- Direct Energy Regulated Services has announced default natural gas rates for May 2023. These rates will apply to customers who have not chosen a competitive supplier within the ATCO Gas North and South service territories. The rates have been approved by the Alberta Utilities Commission.

Customers who chose to keep the regulated gas rate are now enjoying the immediate benefits of lower market prices. Most fixed-rate contract options in Alberta are currently higher than the regulated gas rate for May.

While customers in Alberta have many choices in terms of their energy provider for gas and/or electricity, regulated natural gas is a good choice for those who want to ensure their pricing is based on current market conditions.

Federal carbon tax increases, which went into effect on April 1, are a significant contributor to higher energy bills, so it’s important for customers to review their bills and understand all of the charges.

North Service Territory
The North territory includes customers living in and north of the City of Red Deer.

• For customers in the ATCO Gas North service territory, the May regulated natural gas rate is decreasing from the April rate of $3.381 per GJ to $2.415 per GJ.
• This rate reflects a market price for May supplies of approximately $1.985 per GJ as reported by the NGX, and incorporates an adjustment of $0.43 per GJ for April and prior months.
• The typical residential gas bill for May based on an average 6 GJ of consumption would be approximately $102 in the North.

South Service Territory
The South territory includes customers living south of the City of Red Deer.

• For customers in the ATCO Gas South service territory, the May regulated natural gas rate is decreasing from the April rate of $3.381 per GJ to $2.415 per GJ.
• This rate reflects a market price for May supplies of approximately $1.985 per GJ as reported by the NGX, and incorporates an adjustment of $0.430 per GJ for April and prior months.
• The typical residential gas bill for May based on an average 6 GJ of consumption would be approximately $88 in the South.

Anyone with any questions or concerns is encouraged to call 1-866-420-3174 so customer care agents can discuss their options and find an approach that best suits their needs.

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

Contact:
Estefania Joy
Direct Energy, Communications Specialist
Cell: 1-832-588-3634 estefania.joy@nrg.com

Estefania Joy
Direct Energy Regulated Services
832-588-3634
news@directenergy.com

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