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Residential electricity rates in Alberta to jump about 50 per cent in October

EDMONTON - Many Albertans are in for a shock when they get their electricity bills for October.

EDMONTON - Many Albertans are in for a shock when they get their electricity bills for October.

The Alberta Utilities Commission has approved a rate increase of about 50 per cent for homeowners who are on regulated power plans.

The spike follows a big drop in power rates from August to September.

Companies increasing their rates include Epcor, FortisAlberta, Enmax and Direct Energy.

Some companies say the prices are set in a competitive market that is influenced by supply and demand, weather and other factors.

Electricity rates in Alberta have been swinging up and down this year - the price in May was about half of the price set for October.

 
 
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