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Direct Energy Regulated Services Announces Electric Rates for January 2014


Direct Energy Regulated Services Announces Electric Rates for January 2014

CALGARY, Alberta, Jan. 1, 2014 /CNW/ - Direct Energy Regulated Services (DERS) has announced default electric rates for January 2014. The Regulated Rate Option (RRO) sets the rate per kilowatt hour that regulated customers pay for electric energy in the ATCO Electric service territory. The rates are adjusted each month to reflect the price that DERS pays to buy energy on behalf of customers. The method DERS uses to set the RRO rates have been verified and approved by the Alberta Utilities Commission.

(Logo: http://photos.prnewswire.com/prnh/20121004/MM87276LOGO)

Depending on the rate class, the energy rate for January is approximately 2% higher than the energy rate charged last month, except the lighting rate class which is 3% higher. A typical residential customer consuming 600 kWh per month would see approximately a $1 or a 1% increase in the total amount of their bill compared to last month.

________________________________ | |January Rate| |Rate Class | | | |(cents/kWh) | |___________________|____________| |Residential |7.939 | |___________________|____________| |Commercial |7.906 | |___________________|____________| |Industrial |7.744 | |___________________|____________| |Farm (Includes REA)|7.846 | |___________________|____________| |Irrigation |7.846 | |___________________|____________| |Oil & Gas |7.699 | |___________________|____________| |Lighting |6.582 | |___________________|____________|

Further information on regulated rate option and a complete list of competitive retailers can be found on the Alberta government's customer choice website at: www.ucahelps.gov.ab.ca.

Backgrounder

How will a typical bill this month compare to previous months based on 600 kWh's per month?


    --  January 2014, a typical residential bill will be $161
    --  January 2013, a typical residential bill was $155
    --  December 2013, a typical residential bill was $160

How does this month's rate compare to previous months?

The link below shows historic regulated residential electricity rates.

http://www.directenergyregulatedservices.com/ELE/Historic-Electricity-Rates-pop
up.aspx

How is the RRO transition rate determined?

DERS does not own any electricity generating capacity.  Therefore, under a 
Price Setting Plan approved by the AUC, DERS purchases blocks of electricity 
for the upcoming month for its customers.  Representatives of consumer groups, 
as well as an independent advisor, participate in purchase decisions with 
DERS.  The rates to consumers represent a blended price of the electricity 
purchased, and include costs related to DERS' procurement activities and 
compensation for the consumer groups' and advisor's participation.  The rates 
are filed with the AUC for acknowledgement, as are details supporting their 
derivation.

What is the Energy Price Setting Plan?

DERS negotiated with consumer groups in arriving at the Energy Price Setting 
Plan.  These negotiations were conducted under the Commission's Negotiated 
Settlement Rules, and all meetings were attended by a Commission observer.  
Upon completion of negotiations, DERS filed the Settlement Agreement, 
including the Energy Price Setting Plan, with the Commission, and received 
approval on May 5(th), 2011.  The Energy Price Setting Plan sets out the 
details of how DERS is to acquire electricity for consumers, what costs are 
included, and how the RRO transition rate is to be calculated.  The Energy 
Price Setting Plan also specifies the involvement of consumer groups 
throughout the process.

Why do Electricity prices fluctuate?

Electricity prices are set in an open and competitive market, and are 
influenced by many variables including and not limited to supply and demand, 
natural gas prices, weather, pricing and availability of competing energy 
sources, availability of imports and exports into the province, and market 
analyst's views of future trends in any of these variables.

For more information, please view the January 2014 regulated electricity rate 
applications on DERS' website at www.directenergyregulatedservices.com

SOURCE Direct Energy Regulated Services

Jeff Lanthier, Manager, External Relations, Direct Energy Regulated Services, 905.943.6260, Jeff.Lanthier@directenergy.com

http://www.directenergyregulatedservices.com

http://photos.prnewswire.com/prnh/20121004/MM87276LOGO

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2014/01/c6948.html

CO: Direct Energy Regulated Services ST: Alberta NI: OIL UTI

-0- Jan/01/2014 16:00 GMT

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