By Medicine Hat News on December 2, 2016.
The price of natural gas will drop in December, while the price of power will rise.
Utility rates were announced by the city on Thursday, and the December cost of natural gas is set at $2.52 per gigajoule, down from $3.23 in November.
At the same time, the cost of electricity for residential users and small to medium commercial customers will rise to 4.15 cents per kilowatt hour, up from 3.84 cents last month.
In December 2015, the rates were $2.31 for gas and 5.23 cents for power.
The publicly-owned utility sets its rates against the average charged across the province. In December the low rate for gas is $2.50 charged by Gas Alberta, while the highest rate is $2.55 charged by AltaGas.
For power, the low rate is 3.72 cents per kilowatt hour charged by the City of Lethbridge, while 4.37 is the high, set by Enmax in Red Deer. Seven of the other 10 rates across Alberta are higher than Medicine Hatâ€™s rate.
The rate for large commercial and industrial customers without a contract price is set at the Alberta pool price plus two cents per kilowatt hour. In November, that rate was 3.63 cents.
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