The Alberta government announced a $300-million rebate program that will aid in reducing some of the high utility bills that some individuals and businesses have been experiencing lately.
To assist Albertans in managing the high cost of electricity, beginning in July, 1.9 million homes, farms and small businesses will receive monthly credits of $50 on their July, August and September electricity bills, for a total of $150 in rebates.
“We are providing targeted support to help hard-working Albertans deal with the rising cost of living. These rebates, combined with the fuel tax exemption and upcoming natural gas rebate, will help the large majority of Alberta households pay their bills while we make the long-term changes needed to make energy more affordable in the years ahead,” says Associate Minister of Natural Gas and Electricity Dale Nally.
The rebates are automatically available to Alberta residents who are currently connected to the system and who used up to 250-megawatt hours of electricity in the previous calendar year.
Albertans who qualify can anticipate an immediate $50 rebate on their bills. No application or other action is required to begin receiving the refund in July because it will be applied automatically to qualified utility bills.
The $50 rebates will be applied to the full bill, not just the energy portion, in contrast to the previous administration's electricity rate cap. Additionally, the $50 rebates will be on all eligible bills – protecting consumers on the variable regulated rate option as well as those on competitive contracts.
The government of Alberta is also creating a natural gas rebate. Providing two programs to guarantee that utilities continue to be reasonably priced while ensuring stability for millions of Albertans over the next nine months an Alberta news release states.
The Alberta government also announced that the 13-cent rebate on fuel tax will continue for at least another three months.
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