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The variable rate is directly indexed to the cost of power sold into the Alberta grid by Alberta generators. The cost of power changes hourly and is averaged for the month.
Historically, on average, our rates have been below the government Regulated Rate Option (RRO). A prudential payment is required for the variable rate.
If the cost of energy in Alberta becomes volatile and goes up, you can switch over to one of our guaranteed fixed rates at any time, at no extra cost.
The delivery of electricity and natural gas to you is not affected by your choice of retailer.
As consumers typically use energy before they pay for it, electricity and natural gas retailers in Alberta are required to post a prudential to guarantee payment to the generators and distribution utilities. Your prudential investment means EMCO can keep rates low so you can save money on your energy bill.
Interest on your one-time prudential payment is paid at 5% per annum, which is credited on your monthly energy bill for the length of your subscription to EMCO Energy. The Prudential is fully refundable should you choose to leave EMCO Energy.
For more information, please see our Terms and Conditions.