Variable Electricity Rate
With the increase to the Carbon Levy in 2018 and planned closures of coal-fired electricity generation plants in Alberta, the wholesale generation cost of electricity on the market is rising and becoming progressively more volatile.
Until Alberta 's generation market stabilizes, consumers should contemplate exiting variable plans like the Regulated Rate Option (RRO) or other variable rates. Consider our fixed rates which are guaranteed until August 2022 and are priced below the government subsidized RRO price of 6.8 cents per kWh.
Historically, variable rate plans have typically offered consumers significant savings when compared to the RRO. The electricity market is becoming more unpredictable and consumers are wise to choose a fixed rate to eliminate any price swings in the future.
Switch to Guaranteed Rates. You are never locked in.
Cancel or change your rate plan at any time, penalty free, with 10 days notice.
Administration Fees
$6.90 per metered site.
(monthly fixed rate)
Customers who consume over 3450 kWh per month will be charged an additional $0.002 per kWh.
Prudential Requirements
The AESO (generation) and the Wires Service Providers (delivery), require Energy Marketers to post Prudentials when customers are enrolled within Alberta's deregulated market.
OASIS Power offers a Base Rate that includes normal operating margins to cover this cost.
Alternatively, consumers are given the option of a fully refundable payment contribution towards the Prudential amount to gain access to lower retail prices.
5% interest per annum is paid monthly as a credit on your invoice on all prudential amounts posted.
Low Consumption
Less than 5,000 kWh per year: Minimum Prudential of $100 is required.
Typical Consumption
Less than 25,000 kWh per year: Minimum Prudential of $200 is required.
High Consumption
More than 25,000 kWh per year: Minimum Prudential of $300 is required.