Electricity Cost Calculation:
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The Regulated Rate Option (RRO) is the default electricity rate for Alberta consumers who haven't chosen a competitive retail contract. It's set by the Alberta Utilities Commission and changes monthly based on market conditions.
The calculator uses a simple formula:
Where:
Explanation: This provides the base electricity cost before any additional fees or charges that may appear on your bill.
Details: Understanding your per-kWh cost helps with budgeting, comparing energy plans, and evaluating the cost-effectiveness of energy efficiency improvements.
Tips: Enter the current regulated rate in CAD/kWh. You can find this rate from your utility provider or the Alberta Utilities Commission website.
Q1: Is this the total cost on my electricity bill?
A: No, this is just the energy charge. Your bill includes additional fees like distribution, transmission, and administration charges.
Q2: How often does the regulated rate change?
A: The rate typically changes monthly based on market conditions.
Q3: Can I get a better rate than the regulated rate?
A: Yes, many retailers offer competitive fixed or variable rates that may be lower than the RRO.
Q4: Why is Alberta's electricity market different?
A: Alberta has a deregulated electricity market where consumers can choose their provider, unlike most other Canadian provinces.
Q5: Where can I find the current regulated rate?
A: Check with your local utility provider or visit the Alberta Utilities Commission website for current rates.