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Rates : Electricity Provision
Lakeland REA Electricity Rates and Options
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, 2018, the Stable Rate Contract price was set at $0.0649 cents per 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.
* Lakeland REA Board approved a monthly RRO rate for the month of April 2018 of 9.711 cents/kWh for all rate classes, in accordance with the Regulated Rate Option Regulation. On April 1, 2018, the Alberta Utilities Commission advised that the reference rate for April 2018 was 9.030 cents/kWh, which is calculated as the average of the RRO rates charged by the four largest Alberta RRO rate providers. Having reviewed the reference rate set by the Commission, Lakeland REA’s Board has decided to approve a revised monthly rate for April 2018 at an amount equal to the reference rate, which is 9.030 cents/kWh. Revising the monthly RRO rate to equal the reference rate results in a billing rate to the Lakeland REA members equal to the price cap established by the regulation, which the Lakeland REA Board considers to be reasonable for April 2018. Accordingly, Lakeland REA will receive a reimbursement rate of 2.23 cents/kWh in April 1, 2018, calculated as the difference between the reference and monthly RRO rates of 9.030 cents/kWh and the rate cap of 6.8 cents/kWh. Therefore, the billing rate charged by the REA to all rate classes in April 2018 will be 6.80 cents/kWh, which is the monthly rate (revised to be equal to the reference rate) approved by the Lakeland REA Board of 9.030 cents/kWh less the reimbursement rate of 2.23 cents/kWh, which the REA will receive from the Government of Alberta once approved by the Market Surveillance Administrator through the deferral account statement process. In summary, this revision to the monthly RRO rate ensures members do not pay more than 6.8 cents/kWh in April, 2018.
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