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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, 2019, 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.
|RRO Charge to Members||RRO Rate||Reference Rate|
The RRO Charge is the Board approved charge for energy, set in alignment with the RRO Price Cap. This charge ensures that the members will be charged a rate equal to the Regulated Price Cap (6.8 cents/kWh) when the Reference Rate and/or RRO Rate exceed the Price Cap.
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