Lakeland REA Electricity Rates and Options

The temporary 6.8 cent price cap program for the Regulated Rate Option (RRO) ended effective November 30, 2019.  To learn more visit Alberta.ca/electricity.

The following options are available to Lakeland REA members.

Regulated Rate Option (RRO): The RRO is a monthly default electricity rate automatically provided to all eligible customers who have not entered into a contract with a competitive retailer. It is important to understand that the RRO is not a ‘regulated’ rate rather it is reflective of the current price to purchase electricity and it may increase or decrease at will. Anyone who consumes less than 250,000 kilowatt hours per year is eligible for the RRO.

Contracts: If you wish to sign a contract, Lakeland REA offers a Stable Rate Contract. As of May 1, 2020, the Stable Rate Contract price was set at 6.49 cents/kilowatt hour for all Lakeland REA members in good standing. Eligibility conditions include:

• Member must have an up-to-date Electrical Service Contract on file.
• Must be a member of good standing, meaning your account must be paid in full and remain paid in the upcoming months. If your account falls into arrears, you contract will be void and you will default to the fluctuating Regulated Rate Option.

Lakeland REA encourages members who are considering electricity contracts to ensure that you understand the terms and conditions, as they are not consistent with every company. If you want additional information, contact the Utilities Consumer Advocate (toll-free: 310-4822 or http://www.ucahelps.alberta.ca). If you are do not have a contract with a retailer or have a Lakeland REA Stable Rate Option Contract, then you automatically default to the RRO which does fluctuate on a monthly basis.

Regulated Rate Option

Lakeland REA provides the Regulated Rate Option to members.The following table provides historical information on the RRO.

RRO Charge to Members	RRO Rate	Reference Rate
7.818	7.818	n/a	September	2020
6.959	6.959	n/a	August	2020
6.933	6.933	n/a	July	2020
6.338	6.338	n/a	June	2020
6.004	6.004	n/a	May	2020
5.988	5.988	n/a	April	2020
6.794	6.794	n/a	March	2020
8.453	8.453	n/a	February	2020
8.185	8.185	n/a	January	2020
7.98	7.98	8.522	December	2019
6.80	8.776	8.853	November	2019
6.80	7.976	7.747	October	2019
6.80	8.967	8.669	September	2019
6.80	10.319	10.366	August	2019
6.80	9.883	9.826	July	2019

 

 

 

 

 

 

 

 

 

Terms Defined:

The RRO Charge is the Board approved charge for energy, set in alignment with the RRO Price Cap.  The temporary price cap program for the  Regulated Rate Option (RRO) has ended.  To learn more visit Alberta.ca/electricity.

The RRO Rate is the rate calculated using the Board approved RRO Price Setting Plan.

The Reference Rate is the average of the AUC residential regulated rate option rates plus 10 per cent. http://www.auc.ab.ca/pages/regulated-rate-option-price-cap.aspx

It is very important to note that your electrical distribution system provider will always be Lakeland REA, regardless of who supplies your electricity. Members will not be disadvantaged in any way based on their energy retailer choice. For a list of energy retailers, contact the Utilities Consumer Advocate: In Alberta, dial 310-4-UCA (310-4822) or www.ucahelps.alberta.ca