When you’re looking for the lowest electricity rates in Calgary, the most important thing to remember is that energy consumption rates don’t come in a one-size-fits-all package. Ever since Alberta’s electricity providers began deregulating the energy market in 1996, electricity rates have gotten a lot more competitive, and higher competition means they’ve also gotten a lot more consumer-friendly—and that carries a lot of benefits for you.
What are the benefits of a deregulated energy market?
Having access to a deregulated energy market means your options are flexible. A deregulated market means electricity providers can compete with one another to try to get the most business, and in order to do that, they not only need to keep more competitive rates, they also need to shape the market itself to meet the needs of the consumer. This means the consumer can choose the lowest electricity rates in Calgary, and also choose the electricity plan that best suits their needs.
What are your electricity options?
The Regulated Rate Option
Regulated electricity retailers are specific to their geographic location and offer a monthly rate that is always reflective of the current price of electricity. You won’t get locked into a high rate, and if the market prices are offering the lowest electricity rates in Calgary, then your rates will be low, too.
The Competitive Rate Option
Competitive electricity prices offer advantages when the market isn’t offering the lowest electricity rates in Calgary. Competitive rates can protect you from market spikes—which are especially trying when you already have a high rate of electricity consumption. The competitive option enables you to budget your monthly electricity cost since you will sign a fixed-rate contract, and that offers a lot of advantages for both residential and business energy use.
The Variable Option
If you are wary of signing onto a fixed rate, but are also leery of market spikes, the best way for you to get the lowest electricity rates in Calgary is the variable, or floating-rate, contract. These rates depend on market forces, but also offers the lowest possible rates.
Whether you are looking to meet your business or residential needs, you need to know how much electricity you consume, and how consistent your consumption rates are. This will help you to determine if you would be better off with a regulated rate plan or a competitive rate plan.
Remember that it is also important to keep your future plans in mind. If you are planning on some big renovations that will significantly alter your electricity consumption rates, or if you are planning to incorporate green energy solutions in the near future, it is important to choose an energy plan that will allow for the changes that will be affected by your consumption.
If you are wondering which of the options offers the lowest electricity rates in Calgary for your unique needs, contact us at Energyrates.ca. We’ll provide you with the neutral, third-party information you need to make the best choice for your all energy needs.