Alberta put a ceiling on power costs, ensuring consumers wouldn't pay over a set amount for January, February March. But those higher costs were just kicked ...
“If you’re looking to save and not have to pay back for that (three-month) period, you could leave the product. To ensure that this protection could be provided at no interest to Albertans, the government extended no-interest loans to RRO providers as part of this program,” Jones said. It’s really going to affect a lot of people that are already affected by the rising costs of everything else.” In a statement, Matt Jones, the minister of affordability and utilities, pointed to those $200 electricity rebates being provided to Alberta consumers, directly to their bills, this year. If you move or you want to move to a different rate or you want to go back to the RRO, you can absolutely do that with absolutely no penalty. The product that was put in place was a deferral. “For the last three months, there’s been a rate deferral program. “It really won’t cost you that much just to wait a couple of days.” It may also appear under the “details of your charges” section of your bill. “For instance, the difference between the provincial program of a ceiling and what the actual price of power is, that’s going to have to be paid back by consumers from April of this year to December 2024.” So it’s really better for you if you leave the RRO and go to a competitor.” “We also know that there’s a lot of uncertainty in the electricity market right now.
Albertan households with low credit and small savings will be hit hardest by the consequences of the UCP's cap on the regulated rate option for electricity, ...
"That is a pretty colossal misfire in terms of where they thought the pool price was going to be." "To me, the underlying problem is that the pool prices are way too high. It will be repaid by raising the RRO rates between April 2023 to December 2024. The RRO is currently under a provincial review, "as part of our ongoing work to explore ways to improve affordability and rate stability for Albertans," the province "This was a bad gamble by the UCP government," she said, pointing to RRO customers who were underpaying to the tune of $200 million. Van de Biezenbos said the provincial government likely made a bad guess that the pool price would end up being lower than the cap, so people on the RRO would overpay and there would be a surplus of money by the end of March.