Alberta reviews retail electricity market

Alberta is looking at how it can smooth out the steep ups and downs of retail electricity prices.

EDMONTON — Alberta is looking at how it can smooth out the steep ups and downs of retail electricity prices.

The government has appointed an independent committee to look at why the deregulated electricity market is so volatile.

Energy Minister Ted Morton says this price volatility is a concern for many families.

About 70 per cent of Albertans pay variable electricity rates, a sign the government says shows many people don’t want to sign contracts with power companies.

The committee will be lead by Ted Pound of the Utilities Consumer Advocate Advisory Board, and it is to report back to government this summer.

Individual consumers can provide input to the review through an online survey that won’t be available until after the expected provincial election.

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