Quote:
Originally Posted by DoubleK
I don't think that makes you an idiot. I was on floating rates until October of last year. If anything you've given back some of the savings you realized in years prior.
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Certainly depends when you locked in. Some people are still on sub 6 cents with ENMAX. I'm at 6.25.
https://ucahelps.alberta.ca/historic-rates.aspx
Over the last 2 years there's only been 4 months (April, May, June, and November 2020) where it was lower with the lowest being 5.4. The other 20 months, including almost all of the higher usage months, were higher. January 2022 it was 15.2.
Chart says 23-month average was 8.27 for regulated rate. Not weighted so for someone like me who doesn't have AC my summer usage is a lot lower. I'm quickly guesstimating I probably saved about 50% on actual electricity price. Which works out to be about 0.0000000000000000000000000001% difference factoring in everything else on the bill.