The August natural gas default rate is set at $0.624 GJ, down from $1.238 GJ in July. remain at 0.05269 kWh and defaults to the minimum of $0.07000 kWh under the Electric Utility Bylaw.--NEWS PHOTO BRENDAN MILLER
newsdesk@medicinehatnews.com
The August natural gas default rate is down more than 50 per cent from last month, set at $0.624 GJ, down from $1.238 GJ in July.
The rate is based on the weighted average cost of the city’s natural gas purchases for the month of consumption plus charge of $0.07 GJ to recover transactional costs.
Electrical rates are calculated from July to September and remain at 0.05269 kWh and defaults to the minimum of $0.07000 kWh under the Electric Utility Bylaw for Residential, Farm, Small and Medium commercial customers as well as unmetered services and rental lighting customers.
This rate is based on a 12-month, volume weighted forecast set to not exceed $0.11 kWh and not go below $0.07 kWh. This rate will be recalculated again on Oct. 1.
The current default electricity rate for large commercial, industrial and street lighting customers is set at $0.12025 kWh.
Medicine Hat residential, farm, small and medium commercial customers also have a “Going Green” surcharge on their utility bill in August set at $0.0040 kWh.
This surcharge is calculated each month and used to recover costs incurred to purchase renewable energy.