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Direct Energy owns and operates approximately 4,600 natural gas wells in Alberta, most recently acquiring natural gas assets from Suncor Energy and Shell Canada. [ 10 ] The company’s new strategy calls for increased investment in North America, specifically to grow its upstream asset cover to 35-40%; it also plans to grow its downstream ...
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]
The electricity policy of Alberta, enacted through several agencies, is to create an electricity sector with a competitive market that attracts investors, while providing consumers with reliable and affordable electricity, as well as reducing harmful pollution to protect the environment and the health of Albertans, according to their 2022 website.
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).
[1] [2] PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price. Such agreements play a key role in the financing of independently owned (i.e. not owned by a utility) electricity generators, especially producers of renewable energy like solar farms or wind farms.
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
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