All About Floating Rates

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 averaged for the month. To monitor what is happening in the market in real time, the following Price Alert Report is updated hourly from Alberta Power Pool, showing the swing by hour, the last 24 hour average, weekly, monthly and annual costing information.
The price is influenced by supply, demand, plant shut downs and weather. Opting for a Variable Rate can be advantageous, but monitor the trends and when prices start going in the wrong direct – switch over to a guaranteed energy rate if you can not handle the volatility.
For consumers who have not selected a competitive retailer, the government provides oversight of the Regulated Rate Option (RRO). The RRO fluctuates every month and is based on a Forecasting Methodology plus a Profit Margin paid to the RRO providers such as Direct Energy, Enmax or Epcor.
As a competitive retailer, Burst Energy also offers a monthly Variable Rate, but it is based on the Actual Market Price of energy including a Transaction Fee. Compare the government RRO rates to Real Market prices.
 BURST ENERGYREGULATED RATE OPTIONSAVINGS
Oct 20163.804.202
Nov 20162.803.247
Dec 20163.704.114
Jan 20173.704.067
Feb 20173.503.864
Mar 20173.303.67
6 month average3.473.8437%

The floating rate is calculated as the cost of energy plus the retailer’s margin. At Burst Energy, our margin is 1.0 cents per kWh.

The Residential Floating Price Historical Chart is for demonstration purposes only and is not part of the billing process. Actual rates may fluctuate and are subject to change at any time without notice.

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