Alberta Moves to Stabilize Retail Electricity Prices
The Alberta government has released the long-awaited Retail Market Review Committee report. In conjunction with the release of the report, the government has announced a number of measures aimed at stabilizing and controlling prices in the retail sector, primarily as it relates to the Regulated Rate Option (RRO).
The 397 page report was delivered to the government last September.
The government rejected six recommendations of the committee related to ending the RRO and requiring all retail consumers to sign fixed rate contracts. The government noted that 65% of Alberta retail consumers have, to this point, chosen to stay on the RRO. In order to further stabilize prices, the government will allow RRO providers to purchase electricity up to 120 days in advance, instead of the current 45 days.
The other changes include: