Electricity Pro Rates Increase by Over 50% in 2023
MASH Energy • January 12, 2024

The Regulated Rate Option (RRO) is undeniably an unfavorable choice for consumers, and this is not an exaggeration.

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ENMAX RRO customers are set to experience an increase of over 50% on the 2023 RRO (approved at 27.575 cents/kWh) and are anticipated to face another hike in 2024 (forecasted at over 30 cents/kWh).


The straightforward math reveals that if your business is among the 35% of businesses in Alberta still on the RRO, you are dealing with "incredibly high" electricity prices. The 13.5 cents/kWh deferral electricity program, costing the government (and you) $201 million, seems not to have been the solution. This $201 million is now being added to RRO rates until December 2024. Avoiding the added deferral recovery costs (approximately 2.6 cents/kWh) is achievable by transitioning away from the RRO, especially when community retailers offer rates below the deferral cap (13.5) and below the NDP’s proposed RRO cap at 12 cents/kWh during the election.


Switching to an energy retailer can result in significant savings, with the average business potentially saving more than 25% on their energy invoices.


For businesses in Alberta, numerous choices are available. If you're unsure where to start, seeking assistance from MASH Energy can guide you. Call us now!

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