Energy companies are entities that specialize in the production, distribution, and sale of various forms of energy, including electricity, natural gas, oil, and renewable energy sources. These companies play a vital role in meeting the energy demands of consumers, businesses, and industries. They invest in exploration, extraction, and refining processes to obtain fossil fuels like oil and natural gas, which are crucial for powering transportation, heating, and electricity generation. These companies often operate extensive infrastructure, including power plants, pipelines, and transmission networks, to efficiently deliver energy resources to end-users.
Choosing the right utility company is essential for ensuring reliable service and managing costs. Here are steps to guide you in making an informed decision:
Remember, choosing the right utility company is not just about cost but also about quality of service, convenience, and aligning with your values such as sustainability. Take your time to make a well-informed decision.
A time-of-use rate is a rate structure in which the cost of electricity varies based on the time of day. Typically, rates are higher during peak usage hours and lower during off-peak hours.
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.
Infrastructure is a critical component of utility provision. This includes the physical infrastructure, like power plants, transmission lines, pipes, and meters, as well as the digital infrastructure for smart grid and billing systems. The quality and capacity of this infrastructure can affect the reliability, efficiency, and cost of utility services. Aging or inadequate infrastructure can lead to service interruptions, inefficiencies, and higher costs. Meanwhile, investment in new and upgraded infrastructure can improve service provision, accommodate new technologies, and create jobs.
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.
Your electricity charge consists of two parts:
Your electricity usage is measured by your meter. Your meter number is specific to your meter. The usage charges account for the actual amount of energy you used during the billing timeframe.
Delivery charges are 100% regulated by the government and are solely dependent on where in the province your site is located. Changing providers does not alter your delivery charges as changing providers does not change the distribution network your site is connected to. Visit our blog to learn more about what fees are included in your bill.