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Alberta Advances Electricity Plans with Rate of Last Resort
ALBERTA - The Alberta government has announced significant strides in its electricity market reforms, unveiling a new plan that aims to enhance energy reliability and affordability for consumers. This initiative, highlighted by the introduction of a "rate of last resort," is a critical response to ongoing challenges in the province's electricity sector, particularly following recent market volatility and increasing consumer concerns about rising energy costs.
Understanding the Rate of Last Resort
The "rate of last resort" (RLR) is designed to ensure that all Albertans have access to affordable electricity, even when they face challenges securing a competitive rate in the…