Lakeland REA Electricity Rates and Options

August 2022 RRO           17.583 cents/kWh

Stable (Fixed) Rate     8.49 cents/kWh

Microgen Rate             19.00 cents/kWh

Historical 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
17.583	August	2022
15.34	July	2022
12.082	June	2022
10.87	May	2022
11.01	April	2022
10.865	March	2022
15.621	February	2022
16.236	January	2022
12.898	December	2021
10.736	November	2021
11.241	October	2021
11.215	September	2021
13.143	August	2021
10.801	July	2021
7.639	June	2021
8.253	May	2021

 

 

 

 

 

 

 

 

 

 

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.

Fixed Rate (Stable) Contracts: If you wish to sign a contract, Lakeland REA offers a Stable Rate Contract. As of September 1, 2021, the Stable Rate Contract price was set at 8.49 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.

 

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.

Terms Defined:

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

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 have not signed a Lakeland REA Stable Rate Option Contract, then you automatically default to the RRO which does fluctuate on a monthly basis.