Whether you are simply attempting to run your home at an affordable rate, or whether you are attempting to make a profit running a business, the price you are paying for natural gas and electricity makes all the difference. Alberta’s current economy makes this especially important for Alberta home owners, who may suddenly be facing uncertainty with respect to the number of hours they will be making at work—if they can maintain their jobs at all—but it is also of particular importance to businesses. Fluctuations and high prices of the natural gas and electricity that are necessary in keeping the business running can quickly eat into profit margins, especially during an economic recession when business is suddenly a lot less consistent. Whether you are trying to maintain your cost of living at home, or whether you are trying to run your home and business without eating into your savings, finding the cheapest gas and electricity deals is of the utmost importance.
You do have options
While you are, to an extent, at the mercy of the market price when it comes to finding the cheapest gas and electricity deals in Alberta, it is important to remember that you still have options. Alberta began deregulating its natural gas market in 1985, and its electricity market in 1996. This change eliminated the once-price market—which is a good thing. It meant the natural gas and electricity markets could start competing with each other to gain consumers, and this competitive factor meant changing the way the services work in order to better suit the needs of the consumers. This means you can find comprehensive energy solutions that actually match your needs, both in terms of consumption and affordability.
What does this mean for you?
What this breaks down to is that you can now gain access to the cheapest gas and electricity deals in Alberta—but this process isn’t quite a simple as Googling which one is cheapest. Now you have regulated-rate companies and competitive retailers to choose between when looking for the cheapest natural gas and electricity deals.
In order to find the best deal, you need to know what your consumption needs are. These will enable you to be paired with an energy provider that will fulfill you energy needs at the rate that works best for your situation, whether you would best benefit from fixed, floating, or flexible rate options.
Choosing your energy plan isn’t very different from choosing the most appropriate investment option anymore. You need to factor in all of the variables, including the amount of energy your home or business consumes, the consistency of that amount, plans for future changes that may lead to an increase or decrease, the volatility of the market, and even market potential (especially given the state of Alberta’s current economy—are rates going to go up, level out, or go down); all of these factors make a big difference in the type of energy contract you should or should not sign into when you are looking for the cheapest gas and electricity deals in Alberta.
We can help
Here at EnergyRates.ca, we can offer you an in-depth consultation to determine your energy needs, manage your energy risks, and ultimately find the cheapest gas and electricity deals in Alberta. Contact us today for more information.
