By Medicine Hat News on May 4, 2021.
Power prices will fall for Hatters with default electricity pricing in May, but rates remain above a set-rate option, information published Monday from the city’s utility department shows.
The floating rate for power will be 7.411-cents per kilowatt hour, down from 8.781-cents in April, but above the 6.8 cents the city offers customers who sign on to set-rate pricing for at least six months.
Natural gas for heating homes and small to medium businesses will rise to $3.2405 per gigajoule, compared to April’s rate of $2.7795.
The city sets its monthly rates against the average default rate price of major distributors throughout the province.
For May, the comparable low and high prices for power were 7.411-cents and 7.633-cents from Direct Energy and Epcor’s Edmonton service, respectively.
Two comparable gas rates were $3.188, from Apex (formerly AltaGas), and $3.293, from Direct.