Allegheny to accelerate power procurement schedule
PENNSYLVANIA - Allegheny Power, the electricity delivery unit of Allegheny Energy, Inc. AYE, announced that the Pennsylvania Public Utility Commission has approved the companyÂ’s request to accelerate its power procurement schedule for residential customers.
The change will move the companyÂ’s first power auction from June 2009 to April 2009, as well as expand the amount purchased in June. The accelerated schedule is expected to benefit residential customers by taking advantage of recent declines in the market price of power.
The April auction will be the first in a series to procure power over a multi-year period for AlleghenyÂ’s Pennsylvania customers for the period beyond December 31, 2010, when generation rate caps expire. The multiple auctions are designed to protect customers against over-exposure to market conditions at any single point in time, much like a dollar cost-averaging strategy to investing.
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UCP scraps electricity price cap, some will see $7 bill increase this month
EDMONTON - Electricity will be more expensive for some Edmontonians in December after the UCP government scrapped a program that capped rates.
Effective Nov. 30, the province got rid of the price cap program for Regulated Rate Option customers.
In 2017, the NDP government capped the kilowatt per hour price at 6.8 cents, meaning Edmontonians would pay the market rate and not more than the capped price.
In December, kWh will cost 7.5 cents. Typical Edmonton homes use an average of 600 kWh, increasing bills by $7.37, or 3.9 per cent, compared to November.
The NDP created the capacity system to bring price stability…
