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.
Electricity companies and energy companies have an interconnected and collaborative relationship. Electricity companies, also known as electric utilities or power companies, focus on generating, transmitting, and distributing electricity to consumers. Energy companies, operating within the broader energy sector, are involved in various aspects of energy production, including the generation of electricity through power plants and the exploration and extraction of energy resources. In some cases, electricity companies rely on energy companies as suppliers of electricity, purchasing the electricity they generate and distributing it to end consumers. Collaboration between these companies is crucial for ensuring a stable and sustainable energy supply, and they may work together on initiatives related to energy efficiency, renewable energy development, and grid modernization. The specifics of their relationship can vary depending on regional factors and individual agreements.
Fixed rates are rates that remain constant for the term of your contract, offering predictability. Floating rates, on the other hand, can vary from month to month based on market conditions.
Several programs in Alberta, such as Energy Efficiency Alberta, offer rebates and incentives for energy-efficient appliances, home improvements, and renewable energy installations.
The AESO is a not-for-profit entity responsible for the safe, reliable, and economic planning and operation of the Alberta Interconnected Electric System.
If you’re having difficulty paying your energy bills, you can contact your energy provider to discuss payment arrangements or inquire about available financial assistance programs, such as the Alberta government’s Energy Rebate Program or the Low-Income Energy Assistance Program.
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.
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.