Natural Gas

How are natural gas rates determined in Alberta?
The price of natural gas is based on supply and demand. A number of factors influence natural gas prices, such as weather and storage levels. The government, the utility companies and the regulators do not have any control over natural gas prices, which have tended to follow the North American wholesale market since 1985.

Regulated monthly natural gas rates are based on expected natural gas prices for the month and any balances or credits carried forward from prior months. It is a flow-through cost that is passed on directly to consumers. The rate is called the Gas Cost Recovery Rate (GCRR) or the Gas Cost Flow through Rate (GCFR). As Alberta’s natural gas rates are set on a monthly basis they are responsive to changes in market prices. While rates can rise when natural gas prices are high, they also respond to quickly falling market prices. Natural gas prices tend to be higher in the fall and winter months when colder weather increases demand and prices tend to fall in the summer months when demand decreases.

 

 

Alberta natural Gas Rebate Program

On March 31, 2009, the Natural Gas Rebate Program expired, and will not be renewed for the 2009-10 fiscal year.
Consumers may notice this difference on their natural gas utility bills during the 2009-10 winter season. Consumers that apply for rebates (e.g., propane and heating oil users, commercial greenhouses, agricultural irrigators, grain dryers and forage dehydrators) will need to file their 2008/09 application forms by June 30, 2009.

 

 

* www.energy.gov.ab

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