http://www.cbc.ca/news/canada/edmont...862301?cmp=rss
Quote:
Alberta's NDP government plans to cap consumer power rates at a maximum of 6.8 cents per kilowatt hour for four years, starting June 1, 2017.
The current average electricity price is 3.8 cents per kilowatt hour. The price ceiling will apply to people with a regulated rate option. If the RRO is below 6.8 cents, they will still pay the lower rate.
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Kind of makes Enmax's current 5 year fixed rate of 6.79 not make much sense. Even the 3 year 6.59 wouldn't be a good idea. I wonder these providers will be dropping their fixed rates.
Makes you wonder where the money will come from to pay for the carbon taxes if it can't be through rate hikes.