Courtesy CHAT News

By Jayson Taylor

City releases energy rates for July

Jul 4, 2023 | 1:10 PM

MEDICINE HAT, AB – With a new month comes a new set of energy rates from the city of Medicine Hat.

July’s natural gas default regulated rate (RRO) is $2.448 per gigajoule, down from $3.363 per gigajoule in June. The rate is based on the average of the monthly gas charges set by Alberta gas distribution owners. The city calculates the price based on the average rates approved by the Alberta Utilities Commission.

The third quarter fixed contract natural gas commodity offering is $4.226 per GJ. Customers who sign a fixed contract between July 1 and September 30, 2023, are guaranteed this fixed rate for 12 billing cycles (months).

The variable contract offering is based on the AECO (Alberta Energy Company) average market reference price plus $1.00 per GJ. The May rate is $3.287 per GJ (including the $1.00 premium). The rate for June will be released on July 4, 2023.

July’s electricity RRO for Residential, Farm, Small and Medium Commercial, Un-metered Services and Rental Lighting customers is priced at $0.2492 per kWh, up from $0.1576 per kWh in June. The rate is based on the average of the rates for owners whose regulated rate tariffs are approved by the Alberta Utilities Commission under section 103(2) of the Electric Utilities Act for that calendar month as posted by the Alberta Utilities Commission on its internet page under Regulated Rate Option Regulation.

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The third quarter fixed contract electricity commodity rate offering is $0.16944 per kilowatt hour. Customers who sign a fixed contract between July 1 and September 30, 2023, are guaranteed this fixed rate for 12 billing months.

The July electricity rate for large commercial, industrial and street lighting is $0.2492 per kWh, excluding recovery rate.

The Going Green surcharge for July is $0.001 per kWh.

Full details can be found here.