Alberta government announces plan to protect consumers from power price swings
- The Alberta government plans to protect power consumers from price fluctuations by renaming the current Regulated Rate Option to the Rate of Last Resort, effective January 2025.
- Premier Danielle Smith's government will set the Rate of Last Resort every two years to reduce volatility and require providers to clarify competitive options for customers.
- In 2023, the Regulated Rate Option averaged 22 cents per kilowatt-hour.
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Leaning Left5Leaning Right0Center2Last Updated20 days agoBias Distribution71% Left
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- 71% of the sources lean Left
L 71%
C 29%
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