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Direct Energy is a regulated gas and electricity provider in Alberta, operating under the Direct Energy Regulated Services brand. It also offers deregulated service in the Province, operating as Direct Energy. In South Texas, Direct Energy operates as CPL Retail Energy and CPL Business.
[24] [a] As part of the restructuring the Energy Utilities Board no longer regulated wholesale electricity prices and customers could choose their electricity retailer. The EUA stipulated all electric energy bought and sold in Alberta had to be exchanged through the Power Pool which "served as an independent, central, open access pool."
By November 2022, Direct Energy's residential monthly regulated rate option (RRO) increased to 17.597 cents/kWh from 10.483 cents in November 2021, while the Enmax RRO increased 10.66 to 18.245 cents from the same time period. [14] Prices reach record highs in December with predictions of even higher prices in early 2023. [16]
EPCOR provides the Regulated Retail Offering for electricity in Fort Saskatchewan, and the wire service (distribution and transmission) is provided by Fortis Alberta. [115] Direct Energy Regulated Services provides regulated natural gas to the city, and its distribution is provided by ATCO .
ENMAX Energy Corporation (EEC) is the generation and energy retail services arm of ENMAX that offers electricity, natural gas, distributed energy resource solutions and customer care services to customers throughout Alberta. Enmax Energy also carries out retail energy supply and related functions for the Calgary Regulated Rate Option (RRO).
Electricity is deregulated in two Canadian provinces: Ontario and Alberta. Both markets showed price spikes in the first year of deregulation, but then settled down into a volatile but reasonably stable environment. Alberta's market is dominated by fossil fuel generation and as such reacts more closely to the price of natural gas.
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The Alberta Energy Regulator (AER) is a quasi-judicial, independent agency regulating the development of energy resources in Alberta. Headquartered in Calgary, Alberta, the AER's mandate under the Responsible Energy Development Act (REDA) is "to provide for the efficient, safe, orderly and environmentally responsible development of energy resources and mineral resources in Alberta.” [1]