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Why d o gas rates change?

April 26, 2017Gas o rates

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Why d o gas rates change?

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Most changes in gas rates are due to changing gas supply costs. Alberta has a policy that allows the marketplace to determine natural gas prices. Alberta’s gas prices are influenced by supply and demand throughout North America. These prices have fluctuated considerably over the past several years, and many experts have acknowledged that it is difficult to predict the future price of natural gas. The GCRR that a utility can charge customers is based on monthly indexed gas prices. Starting April 1, 2002, ATCO Gas North, ATCO Gas South (now Direct Energy Regulated Services North and Direct Energy Regulated Services South) and AltaGas Utilities began setting the GCRR on the first day of every month.