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October 31, 2007
Natural gas rebate not triggered for November
Continued high natural gas storage levels keep prices low
Edmonton... Continued low natural gas prices caused by record-high natural gas storage levels in the United States and mild autumn weather have kept prices below the natural gas rebate threshold. Rebates are triggered when two of the three regulated natural gas providers charge regulated rates above $5.50/GJ. This month, two of the three providers are charging rates below that level.
The Natural Gas Rebate Program runs from October to March for most residential consumers, when Albertans use about 80 per cent of their natural gas. Rebate amounts increase as the price of natural gas rises, with the maximum cost of natural gas to most Alberta consumers capped at $8.75/GJ.� All eligible homes and businesses, regardless of whether they pay the regulated rate or are part of a competitive contract, receive rebates under the program. In addition to natural gas, rebates are provided for heating with propane, kerosene, heating oil, and in certain special circumstances, electricity. Most Albertans see the natural gas rebate applied directly to their monthly gas bill. Large scale commercial or industrial users, select agricultural producers, and those who heat their homes with other fuels need to apply for rebates. The lower natural gas prices throughout 2007 have also significantly decreased the amount of drilling activity in the province. Under Alberta’s new royalty framework, the natural gas industry will benefit from a more price responsive royalty scale. When prices are low, producers will benefit from lower royalties to help encourage drilling. When prices rise, this new royalty framework will further increase Albertans' return. More information on Alberta's Natural Gas Rebate Program can be found at
Attachment: Natural gas rates for November 2007
Media enquiries may be directed to:Sean Beardow Alberta Energy Communications 780-422 3786 |
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October 31, 2007
Natural gas rates - November 2007
The following natural gas rates for the three regulated service providers in Alberta have been verified by the Alberta Energy and Utilities Board for November 2007. Rebates have not been triggered for this month.
Regulated gas rates |
November 2007 natural gas costs on consumers’ bills ($/GJ) |
Direct Energy Regulated Services North |
$5.449 |
Direct Energy Regulated Services South |
$5.181 |
AltaGas Utilities |
$6.111 |
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Media enquiries may be directed to:
Sean Beardow Alberta Energy Communications 780-422 3786 |
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