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Direct Energy was founded in Toronto in 1986, as a competitive energy retailer. In 2000, the company was acquired by Centrica, the UK-based parent of British energy retailer British Gas. In 2010, Direct Energy acquired Clockwork Home Services making Direct Energy the largest energy and home services retailer in North America.
[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]
Ontario’s electricity distribution consists of multiple local distribution companies (LDCs). Hydro One, a publicly-traded company owned in part by the provincial government, is the largest LDC in the province and services approximately 26 percent of all electricity customers in Ontario.
ATCO - based in Edmonton, Alberta [1] AltaGas - based in Calgary, Alberta; Anderson; Canadian Natural Resources - based in Calgary; Dejour Energy - based in British Columbia; Direct Energy - formerly based in Toronto and now based in Houston, Texas; Enbridge - based in Calgary: acquired Consumers' Gas Company from British Gas
Alberta's first energy regulatory body was created in 1938. A succession of agencies led to the new ERCB being established 1 January 2008, as a result of the realignment of the Alberta Energy and Utilities Board (EUB) into the ERCB and the Alberta Utilities Commission. The ERCB also includes the Alberta Geological Survey.
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In 2013, Canada generated 651.8 terawatt-hours (TWh), a 10% increase since 2003. Approximately 822 generating stations are scattered from the Atlantic to the Pacific, [23] for a nameplate capacity of 130,543 MW. [24] The 100 largest generating stations in Canada have a combined capacity of 100,829 MW.