Gas, electric, wind energy rates set for May

Medicine Hat - The City of Medicine Hat has set its May energy commodity rates.

Natural Gas – all customers

The May natural gas default regulated rate (RRO) is $2.249 per gigajoule (GJ), down from the previous month of $3.569 per GJ. The rate is based on the average of the monthly gas charges set by Alberta gas distribution (pipes) owners. The City of Medicine Hat calculates the Monthly Reference Price based on the average of the rates approved by the Alberta Utilities Commission.

May 2023Rate per GJ
Direct Energy Regulated Services (North and South) $2.415
APEX Utilities Inc. (Formerly AltaGas Utilities Inc.) $2.083
City of Medicine Hat Rate (based on the average) $2.249

The second quarter fixed contract natural gas commodity offering is $4.866 per GJ. Customers who sign a fixed contract between April 1 and June 30, 2023 are guaranteed this fixed rate for 12 billing cycles (months).

The April variable contract offering is based on the AECO (Alberta Energy Company) average market reference price plus $1.00 per GJ. The April rate is $3.372 per GJ (including the $1.00 premium). The rate for May will be released June 1, 2023.

Summary Natural Gas Rates
May 2023Rate per GJ
Regulated non-contract $2.249
Fixed contract offering $4.866
April variable contract rate $3.372
(includes premium)

 

Electricity

Residential, Farm, Small and Medium Commercial, Unmetered Services and Rental Lighting

The May electricity default regulated rate (RRO) for Residential, Farm, Small and Medium Commercial, Unmetered Services and Rental Lighting customers is $0.13966 per kilowatt hour (kWh), down from the previous month of $0.15775 per kWh. 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.

On December 15, 2022, the Government of Alberta passed The Regulated Rate Option Stability Act through Bill 2: Inflation Relief Statutes Amendment Act which placed a temporary price ceiling of $0.13500 per kilowatt hour in January, February and March 2023 for Albertans who purchase power on the Regulated Rate Option (RRO). As of April 1, 2023, the cost difference between the RRO electricity rate from January to March 2023 and the temporary price ceiling will be added to the current RRO to recover costs over the next 20 months. The May recovery rate of $0.01789 per kWh will be added to the current RRO rate of $0.13966 per kWh for a total billable rate of $0.15755 per kWh. For more details about the recovery rate, visit medicinehat.ca/RegulatedRate

May 2023Rate per kWh
Direct Energy Regulated Services $0.14207
ENMAX Energy Corporation $0.13567
EPCOR Energy Alberta GP (Edmonton) $0.14174
EPCOR Energy Alberta GP (outside Edmonton) $0.13916
City of Medicine Hat Rate (based on the average) $0.13966
+ City of Medicine Hat recovery rate + $0.01789
City of Medicine Hat RRO billed rate $0.15755

 The second quarter fixed contract electricity commodity rate offering is $0.15793 per kilowatt hour. Customers who sign a fixed contract between April 1 and June 30, 2023 are guaranteed this fixed rate for 12 billing cycles (months).

The April variable contract rate for Residential, Farm, Small and Medium Commercial, Unmetered Services and Rental Lighting customers is based on the monthly average Alberta Power Pool price as established and published by the Alberta Electrical System Operator (AESO) plus $0.02 per kWh. The April variable rate is $0.16234 per kWh (including the $0.02 premium). The rate for May will be released June 1, 2023.

Summary Electricity Rates
May 2023Rate per kWh
Regulated non-contract $0.15755
(includes recovery)
Fixed contract offering $0.15793
April variable contract rate $0.16234
(includes premium)

 

Large Commercial, Industrial and Street Lighting Customers

The May default electricity rate for Large Commercial, Industrial and Street Lighting customers is based the regulated rate option of $0.13966 per kilowatt hour and is not subject to the recovery rate.

The April variable contract electricity rate for Large Commercial, Industrial and Street Lighting customers is based on the monthly average Alberta Power Pool price as established and published by the Alberta Electric System Operator (AESO) plus $0.02 per kilowatt hour. The rate for April is $0.16234 per kWh.

Going Green Charge

Customers also have a “Going Green” surcharge on their bill. This surcharge is for renewable energy purchased for residential, farm, small and medium commercial customers.

The Going Green surcharge is calculated monthly to recover costs incurred to purchase renewable energy.

The Going Green surcharge for May is $0.001 per kilowatt hour.

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For further information, please contact:
media@medicinehat.ca