$760 million electricity auction rebate announced for Alberta's commercial and municipal power consumers
"Our consultations with Albertans from various stakeholder groups overwhelmingly told us that the electricity auction rebate should be given back over one year," said Cardinal. "We have responded to that recommendation. The money will be returned quickly and simply over a twelve-month period as a credit on customers' electricity bills."
The amount of each consumer's rebate will be based on their monthly consumption of electric energy as measured in kilowatt-hours, and retailers will be required to show the credit on consumers' bills.
"Alberta's non-residential consumers account for roughly 75 per cent of the power billed in Alberta, and their share of the total auction proceeds reflects this," said Cardinal. "But there are huge differences among them in terms of their usage - basing the rebate on each consumer's usage is a practical way to ensure they each receive their fair share."
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