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Direct Energy Regulated Services Announces Electric Rates for May 2014

Alberta (May 1, 2014) - Direct Energy Regulated Services (DERS) has announced default electric rates for May 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.

Depending on the rate class, the energy rate for May is approximately 58% higher than the energy rate charged last month, except the Lighting rate class which is 1% higher. A typical residential customer consuming 600 kWh per month would see approximately a $26 or 16% increase in the total amount of their bill compared to last month.

Rate Class

May Rate (cents/kWh)

Residential

11.224

Commercial

11.292

Industrial

10.633

Farm (Includes REA)

10.856

Irrigation

9.510

Oil & Gas

10.207

Lighting

3.814

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.

For further information, please contact:
Jeff Lanthier
Manager, External Relations
Direct Energy Regulated Services
jeff.lanthier@directenergy.com
905-943-6260


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