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Direct Energy Regulated Services Announces Natural Gas Rates for July 2024

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CALGARY, Alberta, July 03, 2024 – Direct Energy Regulated Services has announced default natural gas rates for July 2024. These rates will apply to customers who have not chosen a competitive supplier within the ATCO Gas North and South service territories. The rates have been verified by the Alberta Utilities Commission.

North Service Territory
The North territory includes customers living in and north of the City of Red Deer.
•          For customers in the ATCO Gas North service territory, the July regulated natural gas rate is decreasing from the June rate of $1.050 per GJ to $0.890 per GJ.
•          This rate reflects a market price for July supplies of approximately $0.703 per GJ, as reported by the NGX, and incorporates an adjustment of $0.187 per GJ for June and prior months.
•          The typical residential gas bill for July, based on an average 2 GJ of consumption, would be approximately $76 in the North.

South Service Territory
The South territory includes customers living south of the City of Red Deer.
•          For customers in the ATCO Gas South service territory, the July regulated natural gas rate is decreasing from the June rate of $1.050 per GJ to $0.890 per GJ.
•          This rate reflects a market price for July supplies of approximately $0.703 per GJ, as reported by the NGX, and incorporates an adjustment of $0.187 per GJ for June and prior months.
•          The typical residential gas bill for July, based on an average 2 GJ of consumption, would be approximately $61 in the South.