Your Trusted Alberta Electricity Provider
Why Choose Olympus Energy
At Olympus Energy, we make it easy to power your home or business with reliable, affordable electricity. As one of the top electricity providers in Alberta, we’re proud to serve communities across the province — from Warner to Fort McMurray and every community in between. Whether you’re moving to Alberta or looking to switch to a better rate, we’ll help you find an electricity plan that fits your lifestyle and budget.
- No sign-up fees
- 100% Alberta-based customer service
- Fast, five-minute setup
Locally Owned. Alberta Proud.
Olympus Energy isn’t just another name on your electricity bill — we’re your neighbours. Everyone who works with us, from our field technicians to our customer service representatives, lives and works right here in Alberta. That means you get friendly, local support and the satisfaction of knowing your dollars stay in the Alberta economy.
When you choose Olympus Energy, you’re choosing an Alberta electricity provider that believes in putting people first — not call centres across the country.
Electricity Rates for Alberta Homes and Businesses
We understand that every household and business has unique needs. That’s why we offer a variety of electricity pricing options to give you flexibility and control over your costs.
Our electricity rate options include:
Electricity Variable Rate
Based on the current market price, this option allows you to benefit from lower rates when market prices drop.
No matter which plan you choose, you’ll enjoy straightforward billing, no hidden fees, and complete transparency.
Electricity 1-Year Fixed Rate
Short-term security with predictable monthly costs.
Electricity 2-Year Fixed Rate
A balance of flexibility and price protection.
Electricity 3-Year Fixed Rate
Long-term stability against market fluctuations.
Think You Could Be Paying Less for Electricity?
Compare your current electricity costs with Olympus Energy using our free Energy Savings Calculator. Find out whether switching to one of our competitive electricity plans could help lower your energy expenses.
How Electricity Works in Alberta
The electricity market in Alberta operates differently than in many other provinces. Here’s a simple breakdown of how power gets from the generator to your home or business — and where Olympus Energy fits in:
Generation
Whether your electricity comes from coal, natural gas, wind, hydro or biomass, there is a generator out there producing this energy for your needs. Sometimes our power supply is supplemented by importing power from other provinces and the United States. Each generator sells their energy on the wholesale electricity market. The wholesale price for electricity is set each hour.
Transmission
After being generated, electricity travels across high-voltage transmission lines to local substations. Some of these companies are: ATCO, EPCOR and ENMAX.
Distribution
From the substations the electricity travels over lower-voltage distribution lines. This voltage is then reduced to 240/120 volts before it enters your home or business.
End User (RETAIL)
This is where Olympus energy sits in the process, we market this electricity to you the end user. Light up your home with Olympus Energy!
Light up your home or business with Olympus Energy — Alberta’s trusted local electricity provider.
Why Choose Olympus Energy as Your Electricity Provider
- Locally owned and operated – 100% Alberta company with Alberta-based staff
- Transparent pricing – No sign-up or cancellation fees
- Flexible rate options – Choose between floating and fixed plans
- Easy switching – Seamless transition with no interruption to your power
- Bundle and save – Combine electricity and natural gas for added convenience
Switch to a Better Alberta Electricity Provider
Whether you’re setting up service for the first time or switching from another provider, Olympus Energy makes the process quick and stress-free. Get a free quote today and see why more Albertans are choosing us for dependable, local energy service.
Frequently Asked Questions
How does electricity pricing work in Alberta?
Alberta has a deregulated electricity market. Electricity is generated, transmitted, and distributed by regulated utilities, but you choose a retailer — like Olympus Energy — for the commodity portion of your bill. Prices are set hourly on the wholesale market.
What electricity rate plans does Olympus Energy offer?
We offer a variable rate (based on spot market price plus a fixed margin), and fixed rate options for 1, 2, or 3 years. Each plan includes no sign-up fees and a monthly admin fee per metered site.
Who is responsible for power outages or line maintenance?
Physical line maintenance and outage response are handled by your local wire service provider (WSP) — such as ATCO, EPCOR, or ENMAX — not your electricity retailer. Call your WSP directly for outage issues.
Can I switch my electricity provider at any time?
Yes. In Alberta’s deregulated market you can switch electricity providers at any time. Olympus Energy’s variable rate plan has no cancellation fees, making it easy to switch without penalty.
Is Olympus Energy available in rural Alberta?
Olympus Energy serves most of Alberta. However, electricity services are not available in Rural Electrification Associations (REAs). Contact us to confirm service availability at your specific address.
What’s the best way to compare electricity rates in Alberta?
Compare the plan type, the rate per kWh, the term length, the monthly fixed charge, and any cancellation or sign-up fees. A low headline rate means little if it’s variable or tied to a contract with exit fees. You can see Olympus Energy’s current plans on our Energy Rates page, with all terms shown before you sign up.
Where does Alberta get its electricity from, and why does that affect what I pay?
Most of Alberta’s electricity is generated from natural gas, with the rest coming from wind, hydro, solar and biomass. Alberta has also moved away from coal. Generators sell power into a competitive wholesale market, so the price changes with demand, weather and supply. That is why variable rates move month to month, while a fixed-rate plan locks the price in.
Is electricity cheaper at night in Alberta and will switching my usage to evenings lower my bill?
Wholesale prices are often lower overnight, but most Alberta homes are billed a single rate per kWh for the month, not by the hour. Running the dishwasher at 2 a.m. therefore usually won’t change your bill. Cutting overall usage is what saves money.
How does electricity meter reading work in Alberta, and what should I do if my bill is based on an estimate?
Your local distribution company reads your meter, most often remotely through a smart meter, and passes the usage to your retailer for billing. If a reading is missed, your bill can be estimated and corrected on the next actual read. If an estimate looks too high, send us a photo of your meter and we’ll help you request a corrected read.
What is included in the delivery charges on my electricity bill in Alberta?
Delivery charges cover the cost of getting electricity from the power plant to your home. They’re regulated by the Alberta Utilities Commission and are made up of these parts:
- Transmission charge: pays for the high-voltage system that carries power from generators across the province. It’s based on how much electricity you use.
- Distribution charge: pays for the local poles, wires and transformers that bring power to your meter, along with services like installing and reading meters. It usually has a fixed daily amount plus a usage-based amount.
- Balancing Pool allocation: a charge or credit shared by all Alberta customers, depending on whether the Balancing Pool forecasts a shortfall or surplus for the year.
- Rate riders: temporary charges or credits approved by the regulator to adjust for costs that came in higher or lower than expected. They can change quarterly.
- Other items:Â depending on your area and rate class, your bill may include other charges such as special facilities charges.
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