ICYMI: NDP calls UCP’s electricity rate deferral ‘half-baked’ and worthless to consumers ableg abpoli
Alberta Utilities Commission data show rates for customers on regulated rate options are hovering between 27 and 29 cents per kilowatt hour in January. NDP energy critic Kathleen Ganley said those numbers represent a 350 per cent increase in prices since the UCP first formed government. She said under the government’s current price deferral plan, nearly half of those costs will be turned into debt until after this year’s scheduled election.
The UCP government introduced an electricity price protection plan as part of a larger affordability measure package last year. Under the current plan, regulated rate option customers will not be charged more than 13.5 cents per kilowatt hour in January, February or March. Instead, any costs over that price ceiling will be deferred until rates drop allowing consumers to pay off those increased costs over a 21-month period from April to December 2024.
The government’s website says the protection plan is a temporary measure that has been implemented while longer-term solutions are explored. The AUC website shows electricity prices have been steadily rising since November 2022. Last January, regulated rate option prices ranged between 15.8 cents and 16.41 cents per kilowatt hour.Article content
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