City Offers Fixed Rate Option for Ratepayers
The City of Medicine Hat is offering residents a fixed rate option for ratepayers after the elimination of the price cap program for Regulated Rate Option.
Introduced in 2017, the rate cap program ensured that Albertans did not pay more than 6.8 cents per kilowatt hour for electricity. When rates were above the capped rate, the difference between the cap and the market rate was paid to utility providers by the province.
The City of Medicine Hat offers a fixed rate option for ratepayers who are looking for more predictable utility bills.
The contract rate is calculated based on a cost recovery methodology plus a return, and was part of the budget update process before City Council on December 2. The City compares the calculated contract option with a number of retailers (approximately 20) that are listed on the Utilities Consumer Advocate website to ensure City of Medicine Hat’s rates remain competitive.
For more information on the Fixed Rate Option, visit www.medicinehat.ca/fixedrate. To sign up for the Fixed Rate Option, visit City Hall or call 403-529-8111.
To learn more about your utility bill and how to lower your consumption, visit www.medicinehat.ca/yourutilitybill.
To sign up for e-billing visit eutility.medicinehat.ca.