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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.
Micro-Generator Rate: Lakeland REA is now offering a Micro-Generator Rate. This rate provides a fixed price for a specified period of time.
Micro-generation is a small-scale local electricity production, which uses renewable and alternative energy sources. Solar power is the most common micro-generation in Alberta, and you can use the power you generate to offset a portion of your own electricity consumption.
Lakeland REA's Micro-generation rate is offered at a price of 19 cents per kwh. It is intended that the start date be April 1 of the current year and the expiry of this offer would then be September 30 of the current year.
Please contact the office at 780-632-6112 for more details on this rate.
Contracts: If you wish to sign a contract, Lakeland REA offers a Stable Rate Contract. As of May 1, 2021, the Stable Rate Contract price was set at 7.95 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 Rate to Members|
The RRO Rate is the rate calculated using the Board approved RRO Price Setting Plan.
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