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Alberta Energy Providers
Choosing Among Alberta Energy Solutions
Shopping for a new energy supply is your right as an Alberta resident. Across much of the province, residents and business owners alike have options as to where they purchase their electricity and natural gas supplies. In many cases, residents and businesses have the choice between two types of Alberta energy providers: competitive energy marketers and utilities offering regulated rate options. Whether you opt to continue on with your utility's regulated rate option or decide to switch to a plan from a marketer operating in your area, the choice is yours.
Here at albertaenergyproviders.com you'll find lots of information about all the companies offering Alberta energy plans to residents and businesses across the province. Whether you're in Edmonton, Calgary, Banff or anywhere in between, you can find information here about what your energy options are.
Understanding energy: Alberta deregulation
Deregulation isn't a new concept when it comes to the world of energy. Alberta deregulated its natural gas market in 1985 and, based on the success of that transition, the electricity market followed suit in 1996. Prior to today's model, Albertans had less freedom when it came to energy prices. Based on where you lived or located your business, you found yourself within the service area of a specific utility. Your utility was the company that provided you with your energy supply and delivered that supply to you.
During the past 30 years, the Alberta energy industry has transitioned from this model to a deregulated system. Deregulation can be explained as a division of labor within the energy industry. Rather than utility companies controlling all aspects of the industry from generation to distribution, several independent companies operate in cooperation with one another to provide consumers with energy.
Generation companies harvest natural gas or produce electricity, competitive gas and electric providers sell that energy to Alberta consumers and utilities deliver the supply to individual homes and businesses. If you live in a deregulated area, you may opt to shop around for energy rates in Alberta from competitive suppliers.
The right plan has more than great energy prices
There are several factors that everyone should take into account for each of the energy providers they plan to consider. albertaenergyproviders.com can help you determine what those questions should be, and prepare you for many of the answers you're likely to receive.
Before you make a decision on whether to choose a new plan for electricity and natural gas in Alberta, do your research. Comparing several options from competitive suppliers will help you get the rate structure, term length and other plan features that fit your needs best.
What albertaenergyproviders.com has to offer
Depending on how you conduct your search, you may be able to find a new rate by exploring your options for electricity and natural gas in Alberta.
On the left side of the page you'll find quick links to pages about all the competitive gas and electric providers in Alberta. You'll also find links to the utilities servicing Albertans province-wide. If you're looking for energy prices, you'll have to spend some time on the phone, but before you do that, get a solid grasp of what you want out of energy rates in Alberta.
What rate structure is right for you?
There are several ways energy rates in Alberta are structured. For many, the idea of a secured-rate plan is what drew them to choosing to go with a plan from one of the competitive energy providers in Alberta in the first place.
Secured-rate plans depend on the deregulated model because they represent mitigated risk on the part of the gas and electric providers that offer them to consumers. These companies speculate how much money they will have to spend on the energy supply to accommodate the needs of these customers over their contract period, and charge them a set rate per unit consumed that reflects that.
For the consumer, secured rates offer price protection. Even if inflation in the energy market spirals out of control, people with secured-rate plans will continue to see the same charges per unit of energy on their bills each month.
On the flip side, variable-rate plans offer the flexibility of pricing that follows market trends. The energy market isn't in a constant climb. Evidence of market lows can be seen in the recent natural gas market. As a result of new drilling techniques, the cost of natural gas has been particularly low during the past few years. As a result, people who had long-term secured-rate plans may have spent more on natural gas than if they had chosen a variable rate during that time period.
If there's one thing that's true about the energy market, it's hard to predict. Select your energy plan wisely and you'll have one less thing to worry about.