*Deferred Months - Government of Alberta Affordability Action Plan
** Electricity consumers on the Regulated Rate Option (RRO) will be protected from high power bills this winter as part of the provincially imposed Affordability Action Plan.
How it works
• Consumers on the RRO will not be charged more than 13.5 cents per kilowatt hour in January, February, and March 2023.
• Any costs above the 13.5 cent price ceiling will be deferred until April and will be repaid over 21 months (April 2023 to December 2024).
• This is a temporary measure while we explore longer-term solutions for the RRO to help keep energy affordable for Alberta families.
RRO RATE OPTION - THIS RATE FLUCTUATES MONTH TO MONTH (See Top of Page for current RRO Rate)
Customers who do not sign a contract for electricity are served by the regulated rate option (RRO). The regulated rate reflects the current market price, which fluctuates up and down on a monthly basis making prices less predictable for consumers. The regulated rate will have higher price volatility, which can result in price spikes from one month to the next. This rate is based on the cost of energy as released by the Alberta Electric System Operator (AESO) and the Alberta Power Pool price that fluctuates on a monthly basis. Members on the RRO option will be advised of the cost per kWh on a monthly basis.
CO-OPERATIVE RATE OPTION - THIS RATE PROVIDES A FIXED PRICE FOR A SPECIFIED PERIOD OF TIME. OUR CURRENT OFFER IS AS FOLLOWS:
(PREVIOUSLY STABLE 1 RATE)
Co-operative Rate
Many of our Members see the benefit of having an energy rate that is consistent from month to month at the lowest price possible. This allows you to plan and budget accordingly every month. North Parkland Power Co-op offers a CO-OPERATIVE rate which is regularly well below the RRO rate, which can fluctuate each month without warning.
North Parkland Power Co-op's CO-OPERATIVE RATE guarantees you a fixed rate, at the lowest price we can offer, and still allows you the option of cancelling at any time by simply providing us with 90 days notice. We can offer our members a low fixed Co-operative rate because we have purchased energy hedges for many years at a time in advance. This rate will be the same or lower for as long as we have purchased that specific rate, or until the energy hedges run out and new hedges at a different rate are purchased. Even then, we would provide our members with ample notice of the change and outline your options. This option is opened up to our members a few times a year. Click Here the for Co-operative rate form.
STABLE 6 RATE OPTION - THIS RATE PROVIDES A FIXED PRICE FOR A SPECIFIED PERIOD OF TIME. OUR CURRENT OFFER IS AS FOLLOWS:
The Stable 6 Rate
option is North Parkland Power Co-op's Micro-generator
rate.
Micro-generation is small-scale local electricity production, which uses renewable and alternative energy sources. Solar power is the most common micro-generation in Alberta and you can use the power you generate to offset a portion of your own electricity consumption.
North Parkland Power Co-op's STABLE 6 RATE is offered on a 6 month term
at a price of 27 cents per kWh. It is intended that the start date be April 1, of the current year and the expiry of this offer would then be September 30 of the current year.
UNDERSTANDING YOUR MONTHLY POWER BILL - ESTIMATE VERSUS ACTUAL
On occasion your bill may appear to be higher due to a calculated estimate instead of an actual reading. Our meter reads are now performed through a digital reading done via air. If the airplane cannot fly due to bad weather conditions, we are unable to receive your actual reading. If this occurs, we calculate your usage based on a formula of averages during the same time of year. The actual reading will take place the following month and if there is a greater consumption than estimated, that amount is applied to the next invoice. To understand your consumption for the estimated month, add the estimated and actual invoices together then divide by two. You will usually see that it averages out to a typical month for that time of year.
For more details on reading your power bill and understanding the different fees,
click here.