Energy provider says Alberta natural gas rates set to soar next month

Edmonton — Default natural gas rates are set to soar by more than 30 per cent in November, says Direct Energy Regulated Services.

It says customers will see their rate increase from $4.079 per gigajoule to $5.328 per gigajoule.

The company says the rate was verified by the Alberta Utilities Commission and reflects a market price for November supplies of about $4.96.

It says the typical residential gas bill for its customers in November is anticipated to be about $200 based on an average consumption of 14 gigajoules.