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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."
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]
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 .
Alberta was the first Canadian province to implement a deregulated electricity market. The market was established in 1996, following the adoption of the Electric Utility Act , the year before. Local distribution utilities, either investor- or municipally owned, retained the obligation to supply and the 6 largest utilities were assigned a share ...
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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