RESIDENTIAL ELECTRICITY RATES

Once utilities are set up, electricity and natural gas usage will be measured by meters on your residence or building. A standard utility bill is divided into two parts: delivery charges and usage (or energy) charges. Electricity and natural gas need to be delivered from the generation or production site to the consumption site and maintaining this system requires time and money. The delivery charge for utilities is nothing like the one you pay the pizza delivery person; delivery charges are made up of variable and fixed components and are determined by a provincially regulated formula that is pre-approved by the Alberta Utilities Commission (AUC). Delivery charges allow distribution and transmission companies to maintain the power lines, natural gas pipelines, transformers, and other physical equipment.

Peace Power is an energy retailer. That means that we purchase electricity and natural gas in Alberta’s competitive energy market wholesale and retail it to our customers. We also provide retail services including billing, usage reconciliation, and customer service.

An energy distributor owns and operates the infrastructure and distribution systems that transport natural gas or electricity directly to consumers’ homes or businesses. Energy distributors set the delivery charge rates you see on your bill and these rates are in turn regulated and approved by the Alberta Utilities Commission (AUC). Distributors, like ATCO Gas and ATCO Electric, are responsible for responding to emergencies and outages.

Peace Power offers a variable rate for electricity, and both variable and fixed rates for natural gas. Fixed rates allow you to lock in for the length of the term (our term is 1 year), and our variable-rate plan allows you to take advantage when the prices are low. Note that the variable rate also rises so you may need to keep track of it from month to month to decide which plan is best for you.