The electricity rebate program will now offer about $600 million in relief through the rest of 2022, providing eligible Albertans with a monthly $50 bill credit for six consecutive months.
According to Dale Nally, Associate Minister of Natural Gas and Electricity, the province is doubling the electricity rebate.
"[This is] to help reduce the financial burden that many families in Alberta are dealing with due to the rising cost of living. This move will help millions of families and business owners pay their bills and keep their lights on while we continue working to build a stronger, more affordable long-term electricity system.”
More than 1.9 million homes, farms and small businesses will receive monthly credits on their electricity bills starting this month and stretching until the end of December, for a total of $300 in rebates.
The expanded electricity rebate will hold the criteria currently in place, which means that Albertans currently connected to the system that have consumed electricity within the past calendar year, up to a maximum of 250-megawatt hours per year, are automatically eligible for the rebates.
Eligible Albertans can expect to see an automatic $50 rebate on their bills. No application or other action is needed to start receiving the rebate.
"The extended monthly rebates will apply to the entire bill, not just the energy portion. In addition, the $50 rebates will be on all eligible bills – protecting consumers on the variable regulated rate option as well as those on competitive contracts."
The July rebate will be listed on each bill as a line titled “GOA Utility Commodity Rebate,” and $50 rebates will follow in August, September, October, November and December for a total of $300. The exact timing will vary depending on the billing cycle of one’s utility provider.
Along with the electricity rebate, the natural gas rebate will protect eligible Alberta customers using natural gas and other heating fuels from European-style price spikes.
With the electricity rebate reaching bills in July, and the natural gas rebate starting in October, Alberta’s government will be providing support on utility bills for millions of Albertans until March 31, 2023, if prices remain high.