Enmax EasyMax - Fixed Vs. Variable

[ZenOps]

Back to the new normal. Don't know if I mentioned this earlier but they are giving me the $8.33 back each month for being on locked natgas and electricity. I'll take that free cheap frozen pizza every month.

Not sure if the locked in rates are worth anymore, highly dependant on worldwide energy situation.

[mr2mike]

Reviewing my choice and that $6.69¢/kWh is working out.
Suspect it's not going down there again unless spring and summer are mild.

[suntan]

Nice.

[pheoxs]

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Reviewing my choice and that $6.69¢/kWh is working out.
Suspect it's not going down there again unless spring and summer are mild.

Current fixed offerings are 12.99 cents/kwh or current floating is 27.5 cents/kwh

Gonna have to hope it drops or it’s going to get ugly when everyone renews.

[ExtraSlow]

Why would electric price drop? Going up more, the signs are obvious. #mistahmaam

[mr2mike]

EV's so hot right now.

[Disoblige]

Makes me wonder if I should have renewed at 9 cents even if I had like another 6 months lol

[2Legit2Quit]

I posted back in November about the co-operative we have been under starting to screw us over by charging us as a farm/business while it's just residential service and how the told me too bad so sad.

Someone from EQUS called me last month asking why I'm requesting fortis to install a meter, told them how they're scamming me and most likely other customers, the person offered to switch me back to residential service billing if I would stay with them... I laughed and told them no way in hell do I want to stay a customer of yours or give you any money.

As of this week I heard from fortis earlier this week and they gave me the new site ID so I could call a retailer to sign up for service with them, just went back to enmax, and am still waiting for the meter swap to be done.

Checked the mail today and this letter was there, sounds like we weren't the only ones who complained. These guys are clowns.

[ZenOps]

https://www.enmax.com/home/rro/regulated-rates

Did Enmax institute a 13.5 cent price ceiling? Didn't hear a shred of news locally. Seems like it would be 29.6 cents otherwise.

[LilDrunkenSmurf]

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https://www.enmax.com/home/rro/regulated-rates

Did Enmax institute a 13.5 cent price ceiling? Didn't hear a shred of news locally. Seems like it would be 29.6 cents otherwise.

https://www.alberta.ca/affordability-action-plan.aspx

How it works
Consumers on the RRO will not be charged more than 13.5 cents per kilowatt hour in January, February and March 2023.
Any costs above the 13.5 cent price ceiling will be deferred until rates drop and will be repaid over 21 months (April 2023 to December 2024).
This is a temporary measure while we explore longer-term solutions for the RRO to help keep energy affordable for Alberta families.

It's only getting deferred. Enjoy.

[pheoxs]

Sure does seem to be a lot of socialism in that link for a government that claims to be conservative

[Xtrema]

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Gonna have to hope it drops or it’s going to get ugly when everyone renews.

It was gonna get ugly anyway. Nobody is dropping in a bunch of solar panels and batteries if there is no money to be made.

[ExtraSlow]

Government interference in private energy arrangements was always going to be a disgusting outcome.

Nearly as gross and weird as the details of the daycare thing.

[killramos]

I saw some interesting work by AESO published that the matrix of capital projects to increase generation capacity in the province average out around $70/MWhr to earn a utility grade ROI.

Basically if prices remain at current levels there is a decent arb against the cost of new capacity that should spur investment in new generation and bring costs down long term.

This factored in carbon pricing increases actually which made dramatically little difference based on how TIER classes these things.

[ExtraSlow]

But what's the political will to approve various types of generation?

Has anynone proposed the Landon battery complex yet?

[ZenOps]

- Consumers on the RRO will not be charged more than 13.5 cents per kilowatt hour in January, February and March 2023.

- Any costs above the 13.5 cent price ceiling will be deferred until rates drop and will be repaid over 21 months (April 2023 to December 2024).

So I assume the words "deferred" and "repaid" to mean that eventually they will just charge floaters more later? Crazyness indeed.

[ExtraSlow]

Even the ghost of Ralph Klein can see that rates are going up forever. The signs are all there.

[ZenOps]

Its funny though that Enmax seems to assume that in three months, demand and price will actually go down.

Never would I underestimate the chance of a killer two week heatwave that breaks all known records. In which case, 40 cents Canadian might be on the cheap side. $2,500 for a single bedroom apt in Calgary probably isn't all that far off, nor is $250,000 a year poverty line from Danielle.

[Darkane]

For you people (yep) that don’t know, Alberta is expecting a beast of a base load power plant to come online in the next 12–15 months.

Kineticor Cascade will be commissioning and blasting 900MW down the lines with reliable natural gas. Now - this could easily be offset if the remainder of coal comes off (800MW), but I’d be will to bet half of that will be retrofit with gas.

In closing - I estimate we will be net 500MW of additional stable power and will reduce our bills. To how much I don’t know, but if I see 7c/KW again with my easymax, I’ll lock in for as long as possible

[pheoxs]

I don’t understand why electricity here keeps rising. In the fall it made sense since natural gas peaked quite high and that’s the majority of our production but NG prices have fallen 67% since September so why are rates still rising?