If you owe money to your current energy provider, you may still be able to switch to another provider. However, you will need to pay off any outstanding debts before you can switch. Your new provider may also require you to pay a security deposit or agree to a payment plan before they can supply you with energy. It’s important to check the terms and conditions of your current contract before you switch to avoid any penalties or additional charges.
At Peace Power, the establishment of new accounts may involve a routine credit check. This process is a standard industry practice designed to assess the creditworthiness of prospective customers. The purpose behind conducting a credit check is twofold:
The credit check is intended to protect both the interests of the company and the community of customers it serves. By ensuring financial responsibilities are met, we can continue to offer competitive rates and high-quality service without interruption. We conduct this process with the highest respect for privacy and transparency, ensuring that personal information is handled securely and in compliance with all relevant regulations.
Resolving outstanding fees before switching providers is an essential step to ensure a smooth transition and maintain a good credit standing. Here’s why it’s important:
Peace Power encourages responsible account management, which includes ensuring all dues with previous providers are cleared. This not only streamlines the process of switching over to us or any other provider but also positions you as a reliable consumer within the utility market. We’re committed to working with our customers to make the transition as easy and as responsible as possible.
An energy company encompasses organizations involved in various aspects of the energy sector, including exploration, production, refining, distribution, and sale of different types of energy resources like fossil fuels and renewable energy. They have a broader scope and may operate in multiple sectors such as electricity generation, oil and gas extraction, and energy services. On the other hand, an electric company specifically focuses on the generation, transmission, and distribution of electricity. They are responsible for producing and delivering electrical power to consumers, managing power plants and infrastructure like power grids and distribution networks. Their primary focus is on meeting the electricity needs of residential, commercial, and industrial customers.
A good price per kWh would be something that is affordable for the consumer without being too expensive for the company. Peace Power offers some of the best rates on electricity in Alberta. Our margin is +1¢ over the spot price per kWh. View our rates page for more information.
The delivery charge that you see on your bill covers the upkeep cost of the infrastructure that is used to deliver the energy to your home. The delivery charge is regulated by the Alberta Utilities Commission (AUC). For electricity, this includes power lines and transformers, and for natural gas, this includes pipelines and compressor stations. Visit our blog to learn more about what fees are included in your power bill.
To read your electricity metre, you need to know what type of metre you have. There are different types of metres, including digital, dial, and smart metres. Your utility company should provide you with instructions on how to read your metre, but generally, you’ll need to record the numbers or digits displayed on the metre.
Several factors contribute to the higher power costs in Alberta. These include the province’s reliance on fossil fuels for electricity generation, the cost of infrastructure maintenance and upgrades, and market dynamics. Additionally, Alberta’s electricity market operates differently from other provinces, which can impact pricing.
Canada sources its electricity from a mix of energy sources, which varies by province. Common sources include hydroelectric power, nuclear energy, natural gas, coal, wind, solar, and biomass. Hydroelectric power is the dominant source, accounting for a significant portion of the country’s electricity generation. Other sources are used to varying degrees based on regional availability and environmental considerations.
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