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Alberta Online Encyclopedia
Canadian Petroleum Heritage
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Deregulation

Energy, including electricity and natural gas, has continued to be regulated in Canada. There are two different ways that the customer can pay for their energy costs in most places in Canada. The first is to have the energy delivered and pay the regulated rate. The second method is through a set rate contract provided by the energy provider that is voluntarily signed with the consumer for a set cost and a set period of time. In either case, the amount that the energy company can charge is set by regulations.

The rates for energy are defined by the regulations so that the price is fair to both the providers and the consumers. These rates are set in the Gas Cost Recovery Rate (GCRR) or the Gas Cost Flow Through Rate (GCFR), which does not allow the energy provider to profit on the cost of gas, but the rate will often fluctuate monthly according the existing market prices.

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