Alberta energy rate plan extended to 2018

EDMONTON — Alberta Energy may have inadvertently revealed its plans to address volatile electricity prices when it extended the regulated rate option program another five years just before the new year.

While some consumer groups feared the province might be planning to eliminate the electricity pricing program to push Albertans onto contracts with electrical retailers, Energy Minister Ken Hughes quietly extended the expiry date of the program to April 30, 2018 on New Year’s Eve. The program was to have expired June 30, 2014.

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