Alberta NDP urges end to rising costs and volatile swings in electricity market

Alberta’s New Democrats say the province is to blame for electricity prices that are forecast to spike to record levels this month.

EDMONTON — Alberta’s New Democrats say the province is to blame for electricity prices that are forecast to spike to record levels this month.

Party leader Brian Mason says a deregulated electrical system has subjected families to volatile price swings that are increasing in cost over time.

Mason says the NDP would re-regulate the system to deliver affordability and cost certainty.

The Alberta Utilities Commission has announced that power consumers can expect to pay over 15 cents per kilowatt hour in January — an all-time record for the monthly rate.

That cost is twice the rate charged last January.

Consumers have the option of locking into long-term contracts for more stable rates, but Mason says that plan includes built-in profit margins for middlemen, making the long-term cost higher than going month-to-month.

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