Alberta to Introduce Legislation Aiming to Stabilize Electricity Costs for Consumers

Premier Danielle Smith says her government will be introducing legislation and new regulations to give consumers more electricity rate options. One of the changes will be allowing default electricity rates to be set every two years, which the government says aims to provide stability to the market. “This will significantly reduce spikes in prices for Albertans unable to sign a competitive contract, including rural Albertans who may not have other options available, and those who have poor credit or other financial difficulties,” a government news release said. The province will also be changing the name of the default electricity rate, which is currently dubbed the “regulated rate option” or RRO....