The Alberta Utilities Commission.
The Alberta Utilities Commission (AUC) regulates investor-owned electric, gas and water utilities, some municipally-owned electric utilities, and Regulated Retailers of electricity and natural gas.
Is electricity regulated in Alberta?
Alberta’s electricity transmission and distribution systems remain fully regulated; rates for these services are set through regulation. Retail sales of electricity in the province are partly deregulated. Consumers can shop for electricity to choose a retail electricity provider that best meets their needs.
Who sets electricity rates in Alberta?
The delivery of electricity is regulated and won’t change from one retailer to the next. The AUC determines the delivery costs for transmission and distribution through a review process where the UCA represents retail customers in these proceedings.
What does AER regulate?
We regulate the safe, responsible, and efficient development of Alberta’s energy resources, including oil, oil sands, natural gas, and coal.
Is the Alberta Utilities Commission Government?
The Alberta Utilities Commission (AUC) is a quasi-judicial independent agency established by the Government of Alberta, responsible to ensure that the delivery of Alberta’s utility service takes place in a manner that is fair, responsible and in the public interest.
Who is the regulatory body for electricity?
We are governed by the Gas and Electricity Markets Authority (GEMA). This consists of non-executive and executive members and a non-executive chair. GEMA determines strategy, sets policy priorities and makes decisions on a wide range of regulatory matters, including price controls and enforcement.
Why is my electricity bill so high Alberta?
“It’s not just sort of expensive, these are record prices,” said Blake Shaffer, electricity market economist at the University of Alberta. Low supply, soaring demand, and reduced competitiveness are to blame for the jolt Albertans are seeing on their electricity bills, says a local economist.
Will electricity prices go up in 2022 in Alberta?
At that time, electricity prices were around 2.88 cents per kilowatt-hour (kWh). So, what does explain the Alberta price increases?
2022 Electricity Regulated Rates in ¢/kWh.
| Retailer | EPCOR | ENMAX |
|---|---|---|
| 2022 average | 15.546 | 15.21 |
Who decides the price of energy?
The energy consumption
In one way it is you, through the choice of your supplier, who controls this part of the rates. This price is influenced by the market: demand, weather conditions, world reserves, the international political situation.
Why is electricity price increasing?
For the wholesale electricity market, there has been a reduction in available power supplies compared to last year which, combined with higher gas prices, has led to an increase in the wholesale price of electricity. An increase in network and policy costs is also pushing prices up.
How does AER work?
AER is the interest rate that shows how much you’ll earn in interest over an entire year. The AER calculation considers how often you’ll be paid interest (i.e. monthly or yearly) and includes bonuses, compound interest, and any account charges made for allowing early withdrawal of money.
What is AER used for?
AER, or Annual Equivalent Rate, is used to show what you would earn in interest from different savings accounts over a year. AER makes it easier to compare savings accounts that might have differences between them. It’s a bit like how APR works for borrowing products, such as credit cards and loans.
Is Alberta Energy Regulator a Crown corporation?
While the AER is not an agent of the Crown, it is a public agency as defined under the Alberta Public Agencies Governance Act (APAGA) with a governance practice consistent with the Public Agency Governance Policy (February 2021).
Who owns electricity in Alberta?
Electricity generation sector
—supply about 80% of the province’s generation capacity. The generation sector in Alberta is dominated by TransAlta (formerly Calgary Power), ENMAX, and Capital Power Corporation, a spin-off of Edmonton’s municipally owned company EPCOR.
Is energy provincial or federal?
Energy jurisdiction is shared between the federal and provincial governments. As per the Constitution Act, 1867, the provinces are owners of their ground resources except for those in Aboriginal and federal lands. As well, the provinces and territories are responsible for electricity systems within their borders.
Is electricity privatized in Alberta?
Why did Alberta privatize electricity generation? Unlike many provinces, Alberta has never had a Crown utility company responsible for generation, distribution and sale of electricity.
What government agency regulates the electric utilities?
Section 38. Creation of the Energy Regulatory Commission – There is hereby created an independent, quasi-judicial regulatory body to be named the Energy Regulatory Commission (ERC).
What level of government controls electricity?
Provinces and territories hold jurisdiction over electricity planning and operation, while the federal government holds jurisdiction over emissions reduction regulations, interprovincial transmission projects, and international commitments, among others.
What government is in charge of electricity?
Q: How is electricity regulated? A: The Federal government, through the Federal Energy Regulatory Commission , regulates interstate power sales and service. State governments, through their public utility commissions or equivalent, regulate retail electric service as well as facility planning and siting.
What is an average electric bill Alberta?
The Average Electricity Rates in Alberta. How Much Is the Average Monthly Cost of an Electricity Bill in Alberta? The average monthly electricity rate in Alberta is $98.
How can I lower my electricity bill Alberta?
They are devices that use electricity even when they are turned off, and together may account for up to 20 per cent of your electricity bill. » Turn off computer, lights, TVs and other appliances when they are not in use. » Use motion sensors and dimmer switches. » Use a programmable thermostat to manage your heating.