CHAT News File Photo

By Chris Brown

Natural gas rate swings down for October, electricity up

Oct 3, 2022 | 10:15 AM

MEDICINE HAT, AB – City utility customers who have not locked in their rates will see a sharp drop in the cost of natural gas this month and a rise in the cost of electricity.

The City of Medicine Hat released its October utility rates today.

The floating natural gas rate is set at $5.114 per gigajoule this month, down from the September rate of $7.212. The October rate is in the middle of the $5.632 set by Apex (formerly AltaGas) and the $4.595 set by Direct Energy.

The fixed rate for 2022 is $4.35 per GJ, as of Jan. 1.

The provincial natural gas rebate program came into effect Oct. 1, but because of the low rates, customers will not get any money back until at least November.

HOLIDAYS

Medicine Hat Kiwanis hosting Christmas dinner, applications due Friday

1h ago

IN THE COMMUNITY

'Compassionate Friends' offer peer support for bereaved in Medicine Hat

16h ago

POSTAL STRIKE

Donations to Medicine Hat non-profits drop over Canada Post strike

17h ago

Electricity customers on the floating rate will pay 18.723 cents per kilowatt-hour this month, up from 15.785 cents per kilowatt-hour in September. This month’s electricity price falls between the high of 19.501 cents set by Epcor (Edmonton) and the low of 18.031 cents set by Enmax.

The city’s fixed rate is 8 cents per kilowatt-hour for 2022.

The province is rebating $50 per month on electricity bills until the end of 2022.