Albertans have low utility prices due to both deregulation (see Deregulation blog post) and its rich natural resources. Here we will address how Alberta’s rich resources lower our utility prices.
Canada is the world’s 3rd largest producer of natural gas, and 75-80% of that production comes from Alberta. We get it cheap. Natural gas heats our homes. It is also an efficient means of generating electricity in power plants. According to the National Energy Board’s September 2018 report, Alberta generated 47.4% of its electricity from coal, 40.3% from natural gas, and 12.3% from renewables in 2016. (https://www.neb-one.gc.ca/nrg/sttstc/lctrct/rprt/2017cndrnwblpwr/prvnc/ab-eng.html?=undefined&wbdisable=true)
Between rich resources and deregulation of the energy sector, Albertans have some of the lowest utility prices anywhere in North America.
There is another way to lower your utility bill. Call Olympus Energy for a quote. They will beat your rate or give you $100.