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Energy Market Update for June 2023

Power lines and high-voltage lines against the backdrop of blooming oilseed rape at sunset. Green energy.

These are the key factors that affect the rates and fees on your energy bill every month:

Weather conditions in Alberta

Summer days are finally here! However, due to hotter than usual weather and minimal rainfall in May and early June, wildfires arrived early this year and have been spreading fast in Alberta. If you have been impacted by the recent wildfires, we are here to help and havepayment and financial support options for you.

In spring and summer, your natural gas consumption should decrease significantly due to lower heating requirements. However, if you have AC at home, as we hit temperatures above20°C, you will start to notice an increase in your electricity bill due to higher energy usage for cooling your home.

Did you know that the transmission and distribution charges on your energy bill are affected by weather changes too?Learn more about the transmission and distribution fees and how it works.

Natural gas prices in Alberta

Direct Energy Regulated Services’ natural gas rate has decreased by 62% since January 2023 to $2.45/GJ in June, which is lower than fixed rate options that are currently available as of June 1, 2023. There’s no better time than now to be on regulated natural gas!

The cost of natural gas has dropped due to lower demand with warmer than usual weather during winter and now in spring and summer. And best of all, natural gas rates are forecasted to continue to stay low over the next few months.

Direct Energy Regulated Services Natural Gas Rates June

Electricity prices in Alberta

The temporary 13.5 ¢/kWh rate cap on the regulated rate option (RRO) for electricity ended in March. From April 2023 through December 2024, the cost difference between the RRO electricity rate from January - March 2023 and the 13.5¢/kWh cap will be added to the current RRO to help recover costs over the next 21 months.

Direct Energy Regulated Services’ electricity rate in June is 17.62 cents/kWh which is a 60% increase from what the rate was a year ago. The RRO continues to be much higher than previous years and is forecasted to continue increasing over the next few months and will remain high until February 2024.

If you’re looking for longer term rate stability, competitive providers like our affiliate,Direct Energy, can provide you with fixed prices with no early exit fees, bundled rates, green energy, and other promotions.*

Direct Energy Regulated Services Electricity Rates June

* Customers are free to purchase natural gas services or electricity services from a retailer of their choice. For a list of retailers, visit  or call 310-4822 (toll-free in Alberta).