Alberta finance minister credits high oil and gas revenues for the province's $3.9B surplus
The Alberta government says it will extend its electricity rebates until the end of the year as the cost of living continues to rise.
Dale Nally, who's the associate minister of natural gas and electricity, says the United Conservative government is doubling the rebate to help reduce the financial burden on Albertans.
The government says the electricity rebate program will now offer about $600 million in relief through 2022.
It says the program will provide nearly two million homes, farms and small businesses with a monthly $50 bill credit each month from July until December.
The government says it will also provide a natural gas rebate to millions of Albertans starting in October, which will continue until March 2023 if prices remain high.
Last week, Finance Minister Jason Nixon announced a $3.9-billion surplus for the 2021-22 fiscal year ending March 31.