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What is the difference between a security deposit and a connection fee in Alberta's energy market?

Frequently Asked Questions

What is the difference between a security deposit and a connection fee in Alberta's energy market?

A security deposit is a refundable amount that some energy providers may require to ensure payment of future bills, while a connection fee is a one-time charge to set up a new energy account or transfer an existing one.

What is the difference between a security deposit and a connection fee in Alberta's energy market? faq - Peace Power

Related FAQ

Yes! Subject to any existing contract terms you have with Shaw, there is no penalty for you as the customer to transfer your services from Shaw to Peace Power. Make the switch to Peace Power and get the same great high-speed internet at a better rate.

Peace Power is located in Alberta, Canada. We serve both rural and urban areas in the province.

No. Technicians are not needed to switch your service over to Peace Power, whether it’s for electricity, natural gas, or internet. Once you provide your information, we can switch on your services remotely to ensure that there is no disruption when you change utility providers. With respect to internet, our service is designed so that you can do it yourself, whether you own your own hardware or once we’ve delivered your modem to you.

Net metering is a system that allows residential and commercial customers who generate their own electricity from solar power or other renewable sources to feed electricity they do not use back into the grid. This process typically involves a special meter that can measure electricity flow in two directions: from the grid to the customer and vice versa. When a customer’s solar panels or other renewable system generates more electricity than they consume, the excess goes back into the grid, and their meter “spins backward,” earning them credits. These credits offset their electricity usage at other times when they consume more electricity than their system produces, like at night or during cloudy weather, reducing their overall utility bill. Net metering policies vary by region and utility company, and they play a critical role in making renewable energy systems more economically viable for consumers.

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.

Time-of-Use (TOU) rates are pricing structures that charge different rates depending on the time of day, encouraging consumers to use energy during off-peak hours when demand is lower. While TOU rates are not currently widespread in Alberta, they may be offered by some providers.

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