By Cameron Mitchell
Solution 105 Consulting Ltd.
“MAKING A SWITCH AT MY HOME”
As noted in the February 2023 edition, we have been carefully monitoring natural gas rates, and we were considering making a change. Well, the time to switch seems to be upon us!
I will be moving my natural gas supply to Direct Energy Regulated Services (“DERS”) effective March 1, cancelling my ATCO $3.99/GJ fixed rate.
We expect the DERS rate for March to be $2.222 per GJ, and the rest of 2023 looks like it will be coming in below $3/GJ. Forward market rates out to 2027 have dropped below $4/GJ, so this might be a longer-term change unless a better fixed-rate option comes around.
To put things into perspective, I expect this change will save about $1.50 per GJ. Based on my annual use of 100 GJ per year, I should save around $150 per year.
Note that this is just a quick update as to what I am up to. If you also want to make the switch, it should be easy. You can call DERS at 1-866-420-3174. There should be no fee with DERS to move, but make sure your current provider doesn’t have any fees to swap. Most will not.