A smart metre is an advanced metre that records your energy usage in real-time and sends the information to your utility company automatically. It allows you to monitor your energy usage and costs more accurately, and eliminates the need for manual metre readings. Smart metres also enable utilities to offer more innovative pricing plans, such as time-of-use tariffs, which charge different rates depending on the time of day or season.
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.
Energy retailers in Alberta came into existence due to the deregulation of the electricity and natural gas markets. Starting in the late 1990s and culminating in 2001, Alberta’s market opened to competition, separating the roles of generation, transmission, and retail. This allowed multiple energy retailers to enter the market, purchase electricity and natural gas at wholesale rates, and sell them to consumers at retail prices. The aim was to increase consumer choice, encourage market competition, and potentially lower energy costs. Today, Alberta is home to a variety of energy retailers offering different rate plans and services, giving consumers the flexibility to choose a provider that best suits their needs.
Alberta has witnessed recent increases in energy rates across the province. However, Peace Power remains committed to its customers in Calgary by maintaining competitive rates. We take pride in keeping our margins low to ensure that you receive the best possible rate for your energy needs. To provide you with even more flexibility and control over your expenses, Peace Power offers month-to-month contracts, eliminating the burden of long-term commitments. This means you can adapt your energy plan to your changing needs without being locked into a fixed contract. For detailed information about our current rates and how we can help you manage your energy costs effectively, we invite you to explore our website. https://peacepower.ca/rates/
To choose an energy provider, start by assessing your energy needs and priorities, considering factors like consumption, renewable energy options, and pricing structures. Research available providers in your area, reading customer reviews and recommendations to gauge their reputation. Compare rates, contract terms, and any renewable energy options that align with your preferences. Assess customer service quality and look for additional services or benefits, such as energy efficiency audits. Understand billing and payment methods and carefully review contract terms and fees. Seek recommendations from others and contact providers directly to ask questions. Once you’ve gathered this information, make an informed choice that suits your needs and preferences while keeping an eye on potential switching procedures if you’re changing providers.
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.
Reading your utility bill is essential for several reasons. First, it empowers you to monitor and manage your energy consumption by providing detailed information on how much energy you use over a specific period. By understanding your consumption patterns, you can make informed decisions to reduce usage and, consequently, save money. Second, utility bills often include a breakdown of charges, which allows you to see how much you are paying for various components such as energy usage, transmission, and additional fees. This helps in ensuring that you are being billed correctly and enables you to spot any discrepancies or unexpected charges. Furthermore, being aware of the rate structure and additional charges can prompt you to adapt your consumption habits to times when rates are lower. Third, utility bills sometimes contain important notices from the utility company regarding changes in rates, terms of service, or other relevant information. Staying informed of these changes is crucial for maintaining a clear understanding of your service agreement. Lastly, regularly reading your utility bill encourages a sense of responsibility and awareness regarding energy consumption and its environmental impact, fostering a more sustainable lifestyle. tips and tricks on how to improve your home’s energy efficiency, download our free home energy guide.