Spot Power Company is an energy retailer in Alberta that offers fixed and floating electricity rates for a variety of Alberta consumers (residents, farms, and small businesses). An operating division of the Utility Network, it was the first boutique energy retailer to exist in Alberta. The company is based in Calgary but provides service customers in over 335 communities throughout Alberta.
Spot Power Company is able to provide service in the Fortis Alberta and ATCO distribution service territories, as well as in the municipalities of Calary, Edmonton, Lethbridge, and Red Deer.
Retail Rates (Traditional Power)
Product
Energy Type
Rates
Notes
Stable Green Rate
Electricity
5.45 ¢/kWh
Price conditional on customers purchasing at least 15% green energy
Price guaranteed until end 2017
$5.90 monthly administration fee
Minimum $200 security deposit required (maximum 2 times the average monthly electricity bill) and with 5% interest paid
Contract can be cancelled at any time with no fees with 10 business days' notice by completing and submitting a Contract Cancellation Form
Pre-authorized debit payment only, customers must have email and agree to receive monthly electronic invoices
Price does not include distribution charges
Stable Optional Rate
Electricity
6.25 ¢/kWh
For customers who choose not to purchase at least 15% green energy
Price guaranteed until end 2017
$5.90 monthly administration fee
Minimum $200 security deposit required (maximum 2 times the average monthly electricity bill) and with 5% interest paid
Contract can be cancelled at any time with no fees with 10 business days' notice by completing and submitting a Contract Cancellation Form
Pre-authorized debit payment only, customers must have email and agree to receive monthly electronic invoices
Price does not include distribution charges
Stable Base Rate
Electricity
7.65 ¢/kWh
Price guaranteed until end 2017
$5.90 monthly administration fee
No security deposit, but a credit check is required
Contract can be cancelled at any time with no fees with 10 business days' notice by completing and submitting a Contract Cancellation Form
Pre-authorized debit payment only, customers must have email and agree to receive monthly electronic invoices
Price does not include distribution charges
Seniors Rate
Electricity
5.40 ¢/kWh
$5.90 monthly administration fee
Minimum $100 security deposit required (maximum 2 times the average monthly electricity bill) and with 5% interest paid
Contract can be cancelled at any time with no fees with 10 business days' notice by completing and submitting a Contract Cancellation Form
Price guaranteed until end 2017
Available to those 60+
Pre-authorized debit payment only, customers must have email and agree to receive monthly electronic invoices
Price does not include distribution charges
Floating Electricity Rate
Electricity
Flow-through rate* + 1¢/kWh
$5.90 monthly administration fee
Minimum $200 security deposit required (maximum 2 times the average monthly electricity bill) and with 5% interest paid
Contract can be cancelled at any time with no fees with 10 business days' notice by completing and submitting a Contract Cancellation Form
Pre-authorized debit payment only, customers must have email and agree to receive monthly electronic invoices
Price does not include distribution charges
Floating Gas Rate
Gas
Floating rate + 90¢/GJ
Floating rate based on Alberta Market Price published by NGX
$5.90 monthly administration fee
Minimum $200 security deposit required (maximum 2 times the average monthly electricity bill) and with 5% interest paid
Contract can be cancelled at any time with no fees with 10 business days' notice by completing and submitting a Contract Cancellation Form
Pre-authorized debit payment only, customers must have email and agree to receive monthly electronic invoices
Price does not include distribution charges
*The Flow-Through Rate is based on the hourly Alberta Pool prices (plus additional charges to take into account line losses and unaccounted-for energy, load shaping and administrative fees).
History
The Spot Power Company was launched in 2009, as a new division of the Utility Network and Partners Inc., which provides billing and customer support services for small power retailers. It was the first privately-owned boutique electricity retailer in Alberta.
Activities and Organization
Activities
Energy sales: Spot Power Company sells electricity to residents, small businesses, and farms throughout Alberta
Back-office services for boutique energy retailers: The Utility Network and Partners Inc. provides a range of services designed to lower the barriers to entry for small retailers
Organization
Spot Power is the operating division of the Utility Network and Partners Inc., a privately-owned company based in Calgary, Alberta.
Contact
Toll-free Customer Service: 1-866-496-5932 Hours: Monday to Friday, 9:00 a.m. - 5:00 p.m.; Closed weekends and holidays
