- The minister says that $50 credits could offer up on some electricity bills as before as June.
- Dale Nally, associate minister of electricity and natural gas, presented legislation today that would allow the Alberta government to add refunds to skyrocketing natural gas and electricity bills.
Albertans could start to see refunds on their power bills as before as June, says the minister liable for electricity and natural gas.
Associate Minister Dale Nally tabled legislation Wednesday to let the government tack refunds onto utility bills, paving the way to show customers some relief.
“We all know how much utility prices and gas costs can eat into the household budget and the bottom line, particularly over the past few months of high costs,” Nally said at a press conference.
The previous month, the government pledged three monthly repayments of $50 to cancel customer power prices for January, February, and March.
In February, the region committed to offering a refund on heating bills next fall, should natural gas costs increase above $6.50 per gigajoule.
Nally said the government ought to alter the law and write new rules.
If enacted, the Utility Commodity Rebate Act would return an existing law allowing natural gas rebates and instead qualify rebates for multiple utilities.
Once the government has worked with power firms to choose how to get the repayments onto bills, the regional estimates around 1.9 million households, farms, and small businesses will qualify for the price relief.
The program is anticipated to cost regional coffers around $280 million. If natural gas costs stay high, the government has promised customers refunds between October 1, 2022, and March 31, 2023.
However, natural gas costs fluctuate, and the region has yet to choose when they consider that the $6.50 per gigajoule trigger has been met.
Source – cbc.ca