Despite all the discussion around the NDP’s plan to introduce a carbon tax in Alberta, you may feel you’re foggy on the details and you’re not alone. Most of us know that it will cost us more at the pumps, but uncertainty remains as we begin to understand that this move will have far-reaching impact on consumer and industry behaviour within our markets.
The Climate Leadership Plan, which launches January 1, 2017, will impose an initial tax of $20 per tonne for one year. The 2018 fiscal year will see an increase to $30 per tonne, with some producers and manufacturers being eligible for government rebates. As producers and manufacturers incur costs associated with the carbon tax, consumers will undoubtedly see price increases across the board. Predictions in the increase to household expenses vary among analysts, anywhere from $500 to over $1000 annually. These numbers will be greatly impacted by factors such as rebate accessibility, the transportation costs of goods, and consumer purchasing habits.
There have been many questions left unanswered regarding the Climate Leadership Plan, among consumers and producers alike. With no clear timeline on the carbon tax plan outside of its commencement date, Albertans are looking for ways to shield themselves from the uncertainty of rising resource costs.
The good news?
You don’t need to be at the mercy of rising utility prices. Burst Energy’s fixed rate program provides cost stability through 2020! Fixed rate pricing allows you to avoid the uncertainty of rising utility costs by ‘locking in’ at a fixed rate. Visit us to find out how fixed rates could benefit your budget and your financial peace of mind. It pays to be part of the Burst family!
Bakx, Kyle. “Alberta’s carbon tax: What we still don’t know.” CBC News . CBC News, 24 Apr. 2016. Web. 23 July 2016.
Rieger, Sarah. “Alberta’s Carbon Tax Might Be A Major Blow To Cities.” Huffpost Alberta. HPMG News, 25 Nov. 2015. Web. 23 July 2016.